PM Realty Group
910 Travis, Suite 1000
Houston, Texas 77002

AT PM REALTY GROUP:
Raymond Owens
Senior VP/Director
Northeast Region
312-944-2800

AT THE FINANCIAL RELATIONS BOARD:
Anne Brownsey
Media Contact
312-266-7800x705

John Corey
General Information
312-640-6797

FOR IMMEDIATE RELEASE
Feb 18, 1999

PM REALTY GROUP AWARDED MANAGEMENT CONTRACT IN GREATER CINCINNATI TOTALING MORE THAN 460,000 SQUARE FEET

M Realty Group Enters Cincinnati Market;
Firm Committed to Expanding Presence

Cincinnati, OH - PM Realty Group today announced that PHL-OPCO, L.P. has awarded the firm with the exclusive property management assignment for three buildings in greater Cincinnati totaling more than 460,000 square feet. This marks the firm's official entry into the Cincinnati market, with plans for expansion.

The portfolio includes the following properties:

  • Turfway Ridge Office Park is a 217,085-square-foot office complex located at 7300-7310 Turfway Road in Florence, Kentucky, a suburban business hub of greater Cincinnati. Major tenants include Toyota, ZF Group and Square.
  • Blue Ash Business Place is an office complex comprised of 161,965 square feet of space. Located at 4340-4398 Glendale-Milford Road in Blue Ash, major tenants include Mercy Health Partners and Access Systems LLC.
  • Triangle Park at Kings Mill is an 84,508-square-foot office building located at 5412 Courseview Drive in Mason. Major tenants include Steelox and Intellitecs.

PM Realty Group's management team will be led by Raymond Owens, Senior Vice President/Director of the Northeast Division, and Cynthia Collura, Assistant Vice President/Portfolio Manager.

According to Owens, the assignment is part of a larger, national real estate portfolio awarded to PM Realty Group consisting of 28 properties and spanning 3,850,000 square feet of office, retail and industrial space.

"Our primary objective is to strategically position these properties in the Cincinnati market, and to provide the highest quality service levels while operating the buildings in the most cost-effective manner possible. We are excited about our official entry into the Cincinnati area and look forward to expanding our presence here in the future," said Owens.

About PM Realty Group

PM Realty Group is a privately-held real estate service organization with more than 1,300 employees and 20 divisional and regional offices. Based in Houston, Texas, the company traces its roots back to 1954. PM Realty Group today conducts business in nearly every state, providing comprehensive real estate services to institutions, investors, corporations, real estate investment trusts, government agencies and healthcare providers.

PM Realty Group offers clients the full spectrum of real estate services, including property and facility management, leasing and marketing, corporate services, investment services, construction management, asset management and development, engineering services, portfolio administration, disposition and acquisition, consulting and due diligence and healthcare services.

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