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:
Gillian O'Donoghue
Media Contact
312-640-6689

John Corey
General Information
(312) 640-6797

FOR IMMEDIATE RELEASE
May 30, 2000

PM REALTY GROUP CONTINUES HOUSTON MARKET EXPANSION WITH 300,000 SQUARE-FOOT LEASING ASSIGNMENT

Management and Leasing Portfolio Tops 18.5 Million Square Feet in Houston

Houston, 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 three suburban Houston office buildings totaling 304,188 square feet by Koll Bren Schreiber Realty Advisors. The buildings include 1500 S. Dairy Ashford, Park Green I, and 9100 SW Freeway.

The assignment expands PM Realty Group’s management and leasing portfolio to 18.5 million square feet in the greater Houston area. The contract also signifies the growing relationship PM has enjoyed with Koll Bren Schreiber Realty Advisors. The firm currently manages and leases 1.3 million square feet for the owner in Houston, and more than 2 million square feet statewide.

“This contract is the latest milestone in our growing relationship with Koll Bren Schreiber Realty Advisors,” said Goeke. “Our primary focus is to serve our clients on a one-on-one basis and to make investments in longer-term relationships. This approach sets us apart from our competition and sets the stage for what we like to call “smart” growth. The Koll Bren relationship is an excellent example of how we are partnering with our clients.” he continued.

Under the supervision of Doug Little, vice president and director of leasing in Houston for PM Realty Group, and John Spafford, vice president of leasing, Erik Haugen, leasing manager, will oversee day-to-day marketing at 1500 S. Dairy Ashford, Park Green, and 9100 SE Freeway.

About the Portfolio

  • 1500 S. Dairy Ashford Building -- Located at 1500 S. Dairy Ashford, this 4-story office building totals 132,785 square feet of space. Currently 80 percent occupied, the building’s major tenant is First American Title.
  • Park Green Building -- Located at 8300 Bissonnet, Park Green I is a 6-story office building totaling 93,433 square feet of space. Currently 40 percent occupied, the building’s major tenant is Howard Novick, M.D.
  • 9100 SW Freeway Building – Located at 9100 SW Freeway, this two-story office building totals 87,072 NRA square feet and is currently 84 percent occupied. The building’s major tenant is Personalized Business Services

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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