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

AT PM REALTY GROUP:
Ray Owens
SVP/Director
Eastern Division
404-355-4515

AT THE FINANCIAL RELATIONS BOARD:
Greg Farley
Media Contact
312-640-6778

John Corey
General Information
(312) 640-6797

FOR IMMEDIATE RELEASE
Aug 7, 2000

PM REALTY GROUP AWARDED EXCLUSIVE PROPERTY MANAGEMENT ASSIGNMENT FOR PREMIER BELTWAY OFFICE BUILDINGS

Washington D.C. - PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced that it has been awarded the exclusive property management assignment for 2300 M Street and 1200 K Street in Washington D.C. by owner TMW Group. The properties consist of 475,699 square feet of Class-A office space.

Under the direction of Ray Owens, Senior Vice President and Director of PM Realty Group’s Eastern Division, the firm’s Washington-based management team will be led by Assistant Vice President Tanya Seyfert and Property Manager Melissa Scayles.

The properties include:

  • 2300 M Street is a nine-story office building totaling 110,786 square feet. The property, which is 100 percent occupied, houses such high profile tenants as the European Union and First Union Securities.
  • 1200 K Street, built in 1992, is a 12-story office building totaling 364,913 square feet. Major tenants in this fully occupied building include Lockheed Martin and the Pension Benefit Guaranty Corporation (PBGC).

“As we continue to focus on offering high-quality real estate services, our use of state-of-the-art technologies, proven transition processes and management procedures allows us to provide exceptional service to clients such as TMW,” said Owens. “We look forward to expanding our relationship with TMW and furthering our presence in this dynamic market.”

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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