Parallel
Infrastructure LLC, a leading right-of-way (ROW) management and
infrastructure development company, today announced the appointment
of Yannis Macheras as President of the company's Telecommunications
Infrastructure business.
Coral
Gables, FL (March 3, 2014) -- Parallel
Infrastructure LLC, a leading right-of-way (ROW)
management and infrastructure development company, today announced
the appointment of Yannis Macheras as President of the company's
Telecommunications Infrastructure business. In this capacity,
Macheras will be responsible for building on the momentum that
Parallel has established in this business segment, and further
accelerating its tower portfolio growth plans.
Macheras
has worked in the telecommunications industry for 15 years, serving
in diverse executive positions at American Tower Corporation (AMT),
and brings a wealth of industry knowledge, insight and experience to
Parallel's operations. Macheras joined AMT in its early days and
played a large part in helping to create a global leader in the
wireless communications infrastructure industry. His success with AMT
includes establishing a strong back-office, ensuring the successful
integration of SpectraSite into AMT in 2005, leading several distinct
geographic regions as a VP/GM, consolidating and leading AMT's
Managed Sites rooftop business and overseeing tower development in
Latin America.
"Yannis'
global leadership experience will be an invaluable asset as we
accelerate our pace and fill the market need for increased capacity
and coverage in the wireless communications arena," said Frank
Chechile, CEO of Parallel Infrastructure. "He will continue to
foster Parallel's focus on speed and agility in the tower development
space."
Macheras
holds a Bachelor of Arts from Columbia University and a Juris Doctor
from Tulane University.
Parallel
Infrastructure continues to expand its management portfolio, which
spans more than 2,100 miles of ROW across 22 states, as well as
strengthen its relationships with carriers, executing new leases
across the nation. "Building on our reputation to deliver
carrier-grade infrastructure and under Macheras' leadership, Parallel
is well positioned to establish itself as a leading wireless
communication infrastructure owner and operator in the United
States," Chechile added.
-Ends-
About
Parallel Infrastructure
Parallel
Infrastructure LLC is national right-of-way (ROW) management and
infrastructure development company that invests in and manages
underutilized land assets along railroad and highway corridors,
creating significant value for both public and private owners. The
company's capabilities include real estate management services,
telecommunications, energy and outdoor advertising infrastructure
development, and the implementation of innovative ROW uses that
generate incremental income streams. Headquartered in Jacksonville,
Fla., Parallel Infrastructure is a wholly owned subsidiary of Florida
East Coast Industries, Inc. For more information, visit
http://www.parallelinfrastructure.com.
About
Florida East Coast Industries, Inc.
Florida
East Coast Industries, LLC (FECI) is one of Florida's oldest and
largest full-service commercial real estate, transportation, and
infrastructure companies. Headquartered in Coral Gables, Fla., FECI
has a rich history dating back over a century. Mr. Henry Flagler
first established a predecessor company in 1892, which became a
pioneer in the development of Florida's eastern coast. Today, FECI
continues to transform Florida as the parent company to the following
leading real estate, transportation, and infrastructure businesses
within the state: Flagler, a full-service commercial real estate
company; All Aboard Florida, the United States' first privately
owned, operated and maintained intercity passenger rail system;
Flagler Global Logistics, an integrated logistics company that offers
a wide range of logistics services and real estate solutions; and
Parallel Infrastructure, a leader in third-party Right of Way (ROW)
investments and management services. FECI is owned by private equity
funds managed by affiliates of Fortress Investment Group LLC. For
more information, visit http://www.feci.com.
Media
Contacts:
Kristy
Kennedy
rbb
Public Relations
305-448-5839
Kathleen
Rodriguez
Florida
East Coast Industries
305-520-2306
