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

AT PM REALTY GROUP:
Bill Goeke
SVP/Director
Southeast Region
(713) 209-5805

AT THE FINANCIAL RELATIONS BOARD:
Gillian O'Donoghue
Media Contact
312-640-6689

John Corey
General Information
312-640-6797

FOR IMMEDIATE RELEASE
Mar 24, 2000

PM REALTY GROUP AWARDED PROPERTY MANAGEMENT CONTRACT FOR CARILLON TOWERS IN DALLAS TOTALING 271,804 SQUARE FEET

Dallas, TX - PM Realty Group, one of the nation's leading full-service commercial real estate firms, today announced that it has been awarded the exclusive property management contract for Carillon Towers by owner representative Koll Bren Schreiber Realty Advisors, a real estate investment firm based in Newport Beach, C.A.

Koll Bren Schreiber awarded PM Realty Group the exclusive leasing assignment for the property in November of 1999. This latest contract is the fifth new management assignment awarded to PM Realty during the past twelve months in the Dallas market.

Carillon Towers is a two-building office complex consisting of the following:

  • Carillon Towers (East) -- Located at 13601 Preston Road, Carillon Towers (East) is an 11-story office building totaling 141,890 square feet of space. Currently 99 percent occupied, the building's major tenants include United Dental Care and EBI/Orion.
  • Carillon Towers (West) -- Adjacently located at 13601 Preston Road, Carillon Towers (West) is a 10-story office building totaling 121,710 square feet of space. Currently 86 percent occupied, the building's major tenants include Turner Construction and North Texas Anesthesiologists.
  • Annex - The towers' annex, is a single tenant building encompassing 8,204 square feet.

Under the direction of Charlotte Liberda, vice president of PM Realty Group's Southeast Division, Lisa Johnston, senior property manager, is overseeing day-to-day operations at the properties. "This assignment signifies the continued growth of our property management and leasing presence in the Dallas Metroplex," said Bill Goeke, senior vice president and director of PM Realty Group's Southeast Division. "We look forward to our expanded relationship with Koll Bren Schreiber Realty Advisors and to achieving their short and long term objectives with these assets."

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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