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MMR-FONE Cash-Flow Positive

Carrier Hotels Staff Posted Mar 17, 2004

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MMR-FONE, LLC announced this week that its Cleveland Meet Me Room (MMR) is now cash flow positive after six months of operation. The facility is located in the T-Rex Technology Center, a four-building, 274,000 square foot telecom complex.

MMR-FONE provides low-cost network interconnection to all tenants located at the T-Rex Technology Center @ Cleveland, which include ICG, CITYNET, XO, Allegiance Telecom, SBC, American Fiber Systems, Level3, and McLeod USA and Qwest Communications.

The MMR facility is operated by Fiber Optic Network Exchange, LLC, a company headed by Peter Berns, the founder and first CEO of Colo. com. Berns later served as VP of Business Development for Universal Access, one of the leading provisioners of fiber optic network capacity.

New York-based T-Rex Capital, LLC has invested in more than $600 million worth of commercial real estate. Its signature property is a 1.8 million square-foot facility at Boca Raton, Fla. Last year the company purchased a large former Lockheed-Martin facility in Manassas, Va.