Parkway Corporation Unveils Park Assist Technology at Liberty Place Parking Garage

Breakthrough Camera-Based Parking System Guides Drivers to Open Spaces and Offers “Find Your Car” Capability

PHILADELPHIA – June 2013 – Parkway Corporation recently announced that it installed a new, camera-based parking system developed by Park Assist at its Liberty Place parking garage in Center City Philadelphia. The Park Assist system enhances the parking experience by making it easier and more efficient for drivers to find vacant spaces and by providing an interactive “Find Your Car” feature that locates vehicles by license plate number.

Parkway Corporation has outfitted the Liberty Place garage with over 400 Park Assist cameras. The real-time sensor network detects the presence of vehicles in each parking space and directs customers to vacant spaces using red, green and blue (for handicap spaces) LED indicators above each space. Drivers entering the parking structure are instantly made aware of the number of available parking spots on each level via electronic message boards.

Customers can utilize the “Find Your Car” feature by entering their license plate number on the touchscreen kiosk located in the Liberty Place mall lobby or by using a free app from Park Assist that they can download on their smart phone.

“We are pleased to unveil the Park Assist technology at our Liberty Place garage,” said Parkway President Robert Zuritsky. “Our customers are very busy so convenience and service are vital.  We often hear from customers who forget where they’ve parked, so they are thrilled at the speed with which their car is identified and how the system directs them to where they parked. Our decision to install Park Assist at this property reflects our Company’s continued commitment to being at the forefront of technology to revolutionize the parking industry.”

About Parkway Corporation

Parkway Corporation is an 83 year-old Philadelphia-based family-owned parking and real estate development company that acquires, develops, and manages parking facilities and mixed-use properties.  Through the use of new technology, an effective management team, and operating with absolute integrity, Parkway has been able to add value to its holdings and those of its clients in the U.S. and Canada.  The Company’s unique in-house ability to design, develop and manage properties sets it apart from most real estate development and parking companies.  In addition to installing the Park Assist technology at Liberty Place and introducing the Parkmobile app for mobile parking payment, Parkway is currently finishing construction of a new medical tower for the Pennsylvania Hospital at 8th & Walnut Streets and a 246-room Home2Suites by Hilton Hotel at 12th and Arch Streets.  For more information, visit www.parkwaycorp.com.