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

AT PM REALTY GROUP:
Jim Proehl
Senior VP/Director
Southwest Region
(714) 794-1700

AT THE FINANCIAL RELATIONS BOARD:
Anne Brownsey
Media Contact
312-640-6705

John Corey
General Information
312-640-6797

FOR IMMEDIATE RELEASE
Apr 6, 1999

PM REALTY GROUP AWARDED MANAGEMENT AND
LEASING CONTRACT FOR LOS ANGELES PORTFOLIO
TOTALING 238,357 SQUARE FEET

Los Angeles, CA - PM Realty Group today announced that PHL-OPCO, L.P. has awarded the firm with the exclusive property management and leasing assignment for an office and retail portfolio in Los Angeles totaling 238,357 square feet.

The portfolio consists of the following properties:

  • Huntington Oaks is an office building comprised of 83,257 square feet of space and currently is 81 percent occupied. Located at 1333 South Mayflower Avenue in Monrovia, the building?s major tenants include Prudential Insurance Co., McGraw-Hill Companies, Allstate Corporation, and the Los Angeles Times.
  • Boulevard Shops is a retail center comprised of 39,163 square feet of space and currently is 84 percent occupied. Located at 9631-9725 Reseda Blvd. in Northridge, major tenants include American Cancer Society, Kaiser Foundation, Interim Health Care, and Coco?s Restaurant.
  • Camino Del Rio is a 71,000-square-foot office building located at 2650 Camino Del Rio North in San Diego. Currently 100 percent occupied, major tenants include Sprint, Analysis and Technology and American General Insurance.
  • Hillside Plaza is a 44,175-square-foot office building located at 23161 Mill Creek Drive in Laguna Hills. Currently 100 percent occupied, major tenants include Blytheco and Farmers Insurance.

PM Realty Group's management and leasing team will be led by Jim Proehl, Senior Vice President/Director of the Southwest Division. Steve Roppel, Senior Property Manager and Peter Tietz, Regional Manager, will assist Proehl.

According to Proehl, 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 Los Angeles, Orange County and San Diego markets and to provide the highest quality service levels while operating the buildings in the most cost-effective manner possible," said Proehl.

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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