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San Francisco - 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 388 Market Street by owner Honorway Investment Corporation. The property consists of 429,000 square feet of Class “A” office and multi-family space.
Under the direction of Jim Proehl, Senior Vice President and Director of PM Realty Group’s Western Division, the firm’s Northern California management team will be led by Senior Vice President, Scott Kuklish.
Located in the heart of downtown San Francisco, 388 Market Street is a 26-story building consisting of prime office, retail and apartment space. This is the latest in a series of collaborations between PM Realty Group and asset manager TMW Management L.L.C. and is indicative of the firm’s ever-growing presence in the downtown area. Major tenants include Barclays Bank, Chicago Title and First Republic Bank.
“With this latest assignment adding a principal building to our portfolio, we are continuing to strengthen our presence in Northern California managing Class “A” properties,” said Proehl. “ We are delighted to have this opportunity to develop our relationship with Honorway Investment Corporation and we will strive to provide the highest quality service levels while operating the asset in the most cost-effective manner possible,” he added. |