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
312-640-6765

John Corey
General Information
312-640-6797

FOR IMMEDIATE RELEASE
Apr 27, 1999

PM REALTY GROUP AWARDED MANAGEMENT AND LEASING CONTRACT FOR DALLAS PORTFOLIO TOTALING 221,620 SQUARE FEET

Dallas, 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 Dallas totaling 221,620 square feet.

The portfolio consists of the following properties:

  • Brookview Plaza is an office complex comprised of 35,672 square feet of space and currently is 76 percent occupied. Located at 1450 Empire Central Drive in Dallas, the building's major tenants include Silverleaf Resorts and Royer and Shutts.
  • Chenault Drive is a flex building comprised of 40,000 square feet of space and is currently 100 percent occupied. Located at 2150-2156 Chenault Drive in Carrollton, major tenants include Southwest Electronix and NCE Corporation.
  • Comerica Bank is a 145,948-square-foot office complex located at 4100 Spring Valley Road in Dallas. Currently 99 percent occupied, major tenants include Alliance National and Panda Energy.

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 and Carmaleta Whiteley 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 Dallas market and to provide the highest quality service levels while operating the buildings in the most cost-effective manner possible," said Goeke

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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