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El Paso, 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 leasing assignment for six El Paso office and industrial buildings totaling 340,234 square feet by owner Teachers Insurance Annuity Association (TIAA). The firm has been providing property management services for these buildings for several years.
PM Realty Group currently manages a 2 million square-foot portfolio in El Paso and provides leasing services on 1.5 million square feet. The firm’s major clients in El Paso include Chase Bank Texas, Lincoln National Life, TIAA and Columbia HCA.
“This assignment signifies our continued growth as a full service player in the El Paso market,” said Bill Goeke, Senior Vice President and Director of the Firm’s Southeast Division. “Our primary objective is to get these buildings leased-up in a short timeframe consistent with ownership’s goals while continuing to operate them in the most cost-effective manner possible,” Goeke continued.
Under the direction of Goeke, Terri Twomey, assistant vice president, will oversee the leasing at the six properties. Elizabeth O’Brien, property manager, continues to oversee day-to-day property management operations at the properties, and will assist Twomey in the leasing of these assets.
About the Portfolio
- 8037 Lockheed -- Located at 8037 Lockheed, this 2-story office and industrial building totals 53,465 square feet of space. Currently 47 percent occupied, the building’s major tenant is General Services Administration.
- 11 Leigh Fisher -- Located at 11 Leigh Fisher, this 1-story industrial building totals 105,000 square feet of space. Currently 100 percent occupied, the building’s major tenant is San Saba Pecan.
- 15 Zane Grey – Located at 15 Zane Grey, this 1-story industrial building totals 96,000 square feet and is currently 47 percent occupied. The building’s major tenant is Van Roll Isola.
- 25 Butterfield – Located at 25 Butterfield, this 1-story industrial building totals 26,490 square feet and is currently 100 percent occupied. The building’s major tenant is Western PCS.
- 3 Butterfield– Located at 3 Butterfield, this 1-story office building totals 23,663 square feet and is currently 96 percent occupied. The building’s major tenant is Coleman Research.
- 7 Leigh Fisher – Located at 7 Leigh Fisher this 1-story industrial building totals 35,616 square feet and is currently 100 percent occupied. The building’s major tenant is AVX Corporation.
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