|July 30, 2004
|CHARLES E.F. MILLARD JOINS BROADWAY REAL ESTATE PARTNERS, LLC
|NEW YORK, NY, JULY 30, 2004--Scott Lawlor, chief executive officer of Broadway Real Estate Partners, LLC (Broadway Partners), has announced the appointment of Charles E.F. Millard as President of BP Direct Securities, LLC (pending NASD, SIPC approval) (BP Securities), a subsidiary of Broadway Partners. Mr. Millard joins Broadway Partners after erving as Managing Director and Head of Wealth Management Services at Lehman Brothers, and was formerly President of the New York City Economic Development Corporation in Mayor Rudolph Giulianiâ€™s administration.
Mr. Millard will be responsible for the creation and direction of BP Securities, a brokerdealer which will syndicate both equity and debt in Broadway Partners real estate investments to private individuals, families and institutions. In this role, Mr. Millard will also be a Managing Director of Broadway Real Estate Partners. LLC. He will work in conjunction with Linda Lewis, Executive Vice President, and will report directly to Scott Lawlor.
Scott Lawlor commented, â€œCharles Millard has an outstanding reputation both in real estate and private investing circles. He was a leader in Mayor Giulianiâ€™s revitalization of New Yorkâ€™s economy and he established himself as an innovative and successful financial advisor in a senior role with Lehman Brothers. He is ideally suited to expand Broadwayâ€™s ability to offer real estate investment opportunities to our investors and to help us expand our investor base. He joins Broadway at a time when we have increasing capital raising needs as we to continue to identify and close on investment opportunities throughout the country. His integrity, character and background reflect the excellence we strive to maintain at Broadway.â€
Charles Millard stated, â€œI am extremely pleased to be joining Broadway at such an exciting time in the firmâ€™s development. Scott Lawlorâ€™s vision for Broadway as a national investment
platform is coming to fruition, and I am delighted to play a role in delivering this platform to our investors. Scott Lawlor and the Broadway team have built a terrific reputation and track record. I hope to build upon the tremendous job he and his team hasdone in syndicating our real estate opportunities, and I hope to expand our pool of investors as Broadway increases its investments.â€
At Lehman Brothers, Millard was responsible for coordinating firm-wide services for ultrawealthy individuals and families, bringing approximately $2 billion in assets to the firm. As a Cabinet official in the administration of Mayor Rudolph Giuliani, he was President of the New York City Economic Development Corp. and Chairman of the New York City Industrial Development Agency where he directed the conclusion of the major leases in the redevelopment of 42nd Street, negotiated the Cityâ€™s participation in the construction of theReuters, Bear Stearns and Conde Nast buildings, and sold the United Nations Hotel. He directed all tax incentive negotiations with large corporations and oversaw the issuance of billions of dollars in bonds for private companies. He functioned as the landlord for over 10 million feet of occupied real estate and increased funds from operations 50% in two years.
Mr. Millard was twice elected to the New York City Council from the East Side of Manhattan and has also served as an associate attorney with Davis Polk and Wardwell and as a Managing Director with Prudential Securities and with Cambridge Partners. He has published numerous Op-Ed articles, lectured at Fordham and Columbia Universities, appeared as a regular commentator on Fox News Channelâ€™s Cavuto on Business, and serves on the Boards of the New York League of Conservation Voters, St. Aloysius School, the Pregnancy Care Center and Gary Klinsky Childrenâ€™s Centers. He was recently honored by Irish America magazine as one of 50 leading Irish-Americans on Wall Street. He has a J.D. with Honors from Columbia Law School and a B.A. Honors degree, cum laude and Phi Beta Kappa, from Holy Cross College.
Founded in 1999, Broadway Real Estate Partners, LLC is a private real estate investment and management firm headquartered in New York. Its partners represent a cross section of domestic and international private and institutional investors. The firm invests in high quality office properties in select markets nationwide. Since 2000, Broadway Partners has purchased approximately 4.2 million square feet of office space with a value in excess of $1 billion.
For more information, contact Linda Lewis at Broadway Partnersâ€™ New York headquarters at 212.319.7100 or visit www.bwaypartners.com.