PM Realty Group
1000 Main Street, Suite 2400
Houston, Texas 77002

MEDIA CONTACT:
Stacy Sarault
Griffin Integrated Marketing
(281) 335-0200
stacy@griffinmktg.com

WEBSTER, TX - Officials with PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced it brokered the sale of Baybrook Gateway, a 22-acre retail center located 18 miles southeast of downtown Houston. PMRG represented Eastfield Realty, Inc. in the sale of the center to a joint venture between New Plan Excel Realty Trust and JPMorgan Investment Management Inc.

Baybrook Gateway features 236,854 square feet of rentable space and is 100 percent leased by several large tenants, including Barnes & Noble, CompUSA, Michaels, Jared, la Madeleine and Old Navy.

A single-story center, Baybrook Gateway sits at the intersection of West Bay Area Boulevard and I-45 South, across from Baybrook Mall, Houston's second largest mall in terms of sales per square foot.

"We were able to create strong interest for this trophy asset - a Class A property with national credit retailers in a major market with easy accessibility and clear visibility from the freeway," said Stephannie Mower, PMRG's executive vice president and managing director of investment services. "The center benefits from extremely high traffic counts stemming from the 4.4 million consumers who live within 40 miles of this region. In the immediate area, more than 50,000 cars travel each day along Bay Area Boulevard."

About PM Realty Group

Headquartered in Houston, PM Realty Group (PMRG) is a privately held real estate firm of more than 1,300 employees and 25 divisional and regional offices that conducts business in every major state.

With more than 50 years of experience, PMRG provides services to a portfolio valued in excess of $25 billion. The firm's diversified client base includes institutional and private investors, real estate investment trusts, government agencies, corporations and healthcare service providers.

PMRG focuses on creating value for its clients and offers a full spectrum of real estate services, including property and facility management, leasing, marketing, investment sales, construction management and engineering. In addition, PMRG partners with clients in comprehensive development and joint venture investment programs. For additional information, visit www.pmrg.com.  

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