Hartford parking-services vendor/investor Propark America won its bid to manage valet parking at online auction-house eBay’s California base.
Propark will serve eBay’s San Jose headquarters for remuneration that wasn’t disclosed Thursday.
“Our program will feature our entire suite of Parking Spa amenities, and allow people to request vehicles remotely through a mobile app, as well as make reservations for onsite automobile repair and detailing services,” said Tim Maloney, Propark’s executive vice president for national sales.
In addition to valet parking services and premium amenities, Propark will also provide consulting services to eBay for overall transportation needs throughout their campus, including both parking and transportation, Maloney said.
Propark also handles corporate-valet parking for Google’s Silicon Valley headquarters, and for Hines Real Estate in the Houston, Texas, area, Propark spokesman Dennis Safford said.
Separately Thursday, Propark’s partner for amassing and operating parking assets, Parkit, has formed a joint venture with private realty equity investor Och-Ziff Real Estate to scoop up to $500 million in assets nationwide.
Several unidentified Propark officers are Parkit investors, Parkit said Thursday.
The venture already has invested in six parking assets worth $82.6 million, a portfolio that includes a Z Parking facility at Bradley International Airport; and New Haven’s Chapel Square and Riccio Lot facilities, officials said.
In March 2014, Propark and Parkit announced their partnership to acquire parking facilities nationwide.
Propark owns or operates more than 500 parking facilities in about a dozen states.
Read more
Propark finds private equity partner for acquisition fund
Propark gears up again to expand U.S. parking assets
Propark acquires California airport parking operation for $18.6 million
