The First CRE Telecom Company Is Here

Marc Gittleman is the CEO of 5×5 Telecom, Rising Realty’s sister telecommunications company.

LOS ANGELES—Rising Realty Partners‘ executives have launched 5×5 Telecom, a fiber-optic Internet and VoIP phone company that aims to solve the connectivity problems of office tenants and drive occupancy and rents in the process, GlobeSt.com has learned exclusively. As a real estate company, Rising Realty was uniquely positioned to understand and solve the connectivity needs of its tenants, and launched the company to bring fast installation and low-price network services without sacrificing speed and reliability. The result has helped to drive rents and occupancy in their buildings, and now, it is available to other property owners.

“This was founded from real estate owners that recognized a problem in the marketplace. Everyone is a tech tenant today, and everything is in the cloud,” Marc Gittleman, the CEO of 5×5 Telecom, tells GlobeSt.com. “We recognized that the big problems that tenants had were price and installation time. We realized that we could lower the cost of internet substantially, and we engineered a system that allowed us to turn on a customer in the same day.”