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

AT PM REALTY GROUP:
Jim Proehl
SVP/Director
Western Division
(949) 794-1716

AT WEBER SHANDWICK:
Glenn Eden
Media Contact
(312) 640-6693

Craig Bloomfield
General Information
(312) 640-6720

FOR IMMEDIATE RELEASE
Sep 27, 2001

WCB PROPERTIES TAPS PM REALTY GROUP TO MANAGE NEWLY DEVELOPED SORRENTO SOUTH CORPORATE CENTER

National Property Management Firm Continues To
Strengthen San Diego Presence

San Diego - PM Realty Group today announced that it has been awarded the exclusive property management assignment for the Sorrento South Corporate Center, a recently completed 275, 000-square-foot office project, by owner WCB Properties, Inc. The decision was based on PM Realty Group’s current track record of successfully managing over 600,000 square feet of office space in San Diego on behalf of the owner.

Located at 9276 and 9330 Scranton Road in Sorrento Mesa, the newly developed Sorrento South Corporate Center consists of two six-story Class A office towers and is one of northern San Diego County’s most visible and accessible sites. Major tenants include Altera and GlobeSpan.

PM Realty Group’s San Diego-based team will be directed by Jim Proehl, Senior Vice President and Director of PM Realty Group’s Western Division, and led by Peter Italiano, Vice President, Peter Tietz, Regional Manager, and Bruce Clow, General Manager.

“The expansion of our relationship with WCB Properties validates our strong management capability in addition to our record for performance in San Diego,” said Proehl. “We are very honored to work with WCB Properties and look forward to delivering a full spectrum of property management services to the newly built South Sorrento Corporate Center.”

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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