Market Overview

Jamestown's 325 Hudson Welcomes Leading Telecom Firm RCN

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-- High-Speed Internet Provider Latest to Join Fast-Growing
Community of Tech, Media, and Telecommunications Companies at the
Fiber-Dense Building in Lower Manhattan --

Jamestown
today announced that telecommunications industry leader RCN
has joined the dynamic community at 325
Hudson
in Lower Manhattan. The property, which was purchased by
Jamestown in 2012, has increasingly attracted high-tech companies and
colocation firms in recent years due to its superior level of
connectivity.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180830005508/en/

325 Hudson (Photo: Business Wire)

325 Hudson (Photo: Business Wire)

The provider of high-speed internet, digital TV, and phone services
signed a 20-year lease to take over a series of meet-me rooms in the
space, allowing telecommunications companies to physically connect and
exchange data without incurring local loop fees.

"As a market leader, RCN will further reinforce 325 Hudson's position as
a premier core intersection site and a nexus in New York's
telecommunications system," said Michael Phillips, President of
Jamestown.

The 10-story, 241,000 square-foot building, which is linked to more than
15 fiber providers and 40 Internet Service Providers, includes a
carrier-neutral, building-owned and managed meet-me room, colocation
infrastructure, and 24/7 security guard coverage and video surveillance.

The tenant mix at 325 Hudson includes innovative tech and media firms
like Starry and Sony Embassy Row, as well as telecommunications and
colocation companies such as Altice and Verizon.

RCN was represented by Robert Meyers of CBRE in the deal, which was
finalized in June. Jamestown handled the lease through its internal
leasing team.

Jamestown sold longtime asset Chelsea Market to Google in March. This
marked its second transaction with Google after the sale of 111 8th
Avenue, another building with superior connectivity. Together with
Belvedere Capital, Jamestown is leading the redevelopment of Industry
City, the 16-building, 6 million square-foot innovation complex on the
waterfront in Sunset Park, Brooklyn.

About 325 Hudson

Hosting a global community of connected companies, 325 Hudson is the
home for worldwide access to the internet. The dynamic, connected
community of 325 Hudson puts tenants at the nexus of colocation, tech,
media, and advertising. Strategically located on fiber-dense Hudson
Street, 325 Hudson provides the facilities, network, and operational
support you need to manage your business smoothly today and grow
seamlessly in the future. www.325hudson.com

About Jamestown

Jamestown, L.P. was established in 1983 as an investment and management
company focused on income-producing real estate in the United States.
Over the last 35 years, Jamestown has expanded into a national,
vertically integrated real estate operator with over $11 billion of
assets under management as of December 31, 2017. Jamestown's
capabilities include: acquisitions, capital markets, property
management, asset management, retail leasing, design, sustainability and
risk management. Jamestown companies have headquarters in Atlanta, GA
and Cologne, Germany, and offices in New York, NY, Boston, MA,
Washington, DC, San Francisco, CA, Los Angeles, CA, and Bogota,
Colombia. For more information, visit www.jamestownlp.com.

About RCN

RCN Telecom Services, LLC (www.rcn.com)
provides industry-leading High-Speed Internet, all-Digital TV and Phone
services for residential, small/medium and Enterprise business
customers. PC Magazine recently released its annual Readers' Choice
Awards and named RCN one of the winners for best cable broadband ISPs in
2017 – RCN ranks highest for overall satisfaction. RCN's
affordably-priced advanced digital services are delivered through their
proprietary, state-of-the-art fiber-rich network and supported by 100%
U.S.-based customer service. RCN's primary service areas include
Washington, D.C., Philadelphia, Lehigh Valley (PA), New York City,
Boston and Chicago.

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