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

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

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 HOUSTON PORTFOLIO
TOTALING 821,026 SQUARE FEET

Houston, TX - 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 flex portfolio in Houston totaling 821,026 square feet.

The portfolio consists of the following properties:

  • 10777 Northwest Freeway is an office complex comprised of 160,525 square feet of space and currently is 71 percent occupied. The building?s major tenants include Road Rescue and ABB Vetco Gray.
  • 1400 Broadfield is an office building comprised of 102,980 square feet of space and currently is 100 percent occupied. Major tenants include ABB Lummis Global and Platinum Technology.
  • 16420 Park Ten Place is an 84,200-square-foot office building and is currently 74 percent occupied. The building?s major tenants include Universal Selsmic and Market Hub Partners.
  • Astro Business Center is a 208,500-square-foot flex building located at 8825-9067 Knight Road. Currently 69 percent occupied, major tenants include Drummond Clinical Laboratory and Mental Health and Retardation.
  • Parks Crossing is an office complex comprised of 53,727 square feet of space and currently is 82 percent occupied. Located at 3701, 3711, 3721 and 3731 Briar Park, the building?s major tenants include EDI Architecture and Instromet Ultrasonic.
  • West Loop Business Park is a flex building comprised of 62,165 square feet of space and currently is 95 percent occupied. Located at 1205 and 1209 West Loop North, major tenants include Diebold, Incorporated and J&S Audio Visual.
  • Greenbrier Business Center is a 64,684-square-foot office complex located at 15701, 15711, 15721 and 15731 West Hardy. Currently 72 percent occupied, major tenants include Envalco Corporation and Respond Cargo Service.

PM Realty Group?s management and leasing team will be led by Bill Goeke, Senior Vice President/Director of the Southeast Division. Charlotte Liberda, Vice President of Operations; Joel Dalak, Vice President of Leasing, Doug Little, Vice President of Leasing, John Spafford, Vice President of Leasing; and Connie Ray, Leasing Manager, will assist Goeke.

According to Goeke, 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 Houston market and to provide the highest quality service levels while operating the buildings in the most cost-effective manner possible," he said.

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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