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Information Technology, Personnel Development, Market Expansion and
Quality Control Central To Client-Focused Business Plan
HOUSTON, TX - PM Realty Group, one of the nation's leading full service commercial real estate firms, today announced that it has added 24 million square feet to its national property management and leasing portfolio in 1999.
The firm attributes 1999 growth to a client-focused business plan emphasizing investment in information technology, personnel development and training, market expansion and quality control. A privately held organization, PM Realty Group also maintains it is able to focus 100 percent of its energies on the needs of clients, allowing greater flexibility to react as market conditions change and having the necessary resources in place serve clients.
But despite the impressive number of new contracts awarded this year, PM Realty Group President Rick Kirk says he doesn't measure the company's success via the standard barometer of growth in the business -- square feet under management.
"We've chosen a different path that we feel is unique and very strategic," said Kirk. "We base our success on the quality of our clients, the quality of relationships with our clients, the quality of service production and, ultimately, the expansion of existing relationships. Only when these fundamentals are in place can growth occur."
Kirk continued that the firm's 2000 game plan is to build on the strategy currently in place. "We're very focused on what we need to accomplish next year," he said. "It's a combination of continuing to master the fundamentals of the business, expanding in key markets, empowering our people and closely managing the relationship of each client. We look forward to continued growth in 2000."
Management and leasing contracts awarded PM Realty Group in 1999 include:
Chase Manhattan/Chase Bank-Texas portfolio -- 14,500,000 square feet
(plus leasing of 466,759 square-foot branch portfolio) -- 3,850,000 square feet
National PHL-OPCO porfolio -- 1,700,000 square feet
Hewitt Associates facilities in Florida and Texas -- 900,000 square feet
Four-building office portfolio in Dallas -- 550,000 square feet
333 Bush Street in San Francisco -- 480,000 square feet
Marketing and leasing assignment for Houston Development Project -- 342,292 square feet
Tractebel Building in Houston (plus leasing) -- 266,000 square feet
499 Park Avenue in New York City -- 260,000 square feet
Kelsey-Seybold Surgical Hospital in Houston -- 255,115 square feet
1010 Lamar in Houston (plus leasing) -- 125,000 square feet
The Mercedes Building in Los Angeles -- 109,522 square feet
Westgate Atrium I in Houston (plus leasing) -- 101,964 square feet
Six-building industrial portfolio in Central Florida (Orlando) --
Leasing assignment for 7700 San Felipe (Houston) -- 97,866 square feet
Four-property retail portfolio in suburban New York -- 921,000 square feet
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