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

AT PM REALTY GROUP:
Scott Kuklish
SVP/Director
Northwest Division
916-526-1954

AT WEBER SHANDWICK:
Mary Rankin
Media Contact
312-640-6661

Craig Bloomfield
General Information
312-640-6720

FOR IMMEDIATE RELEASE
Jan 10, 2002

THE SHIDLER GROUP AWARDS PM REALTY GROUP PROPERTY MANAGEMENT ASSIGNMENT FOR WAIKIKI GALLERIA

Recent Property Management Assignments of Prominent Honolulu Buildings

HONOLULU - PM Realty Group, one of the nation’s full-service commercial real estate firms, today announced that it has been awarded the exclusive property management assignment for the office portion of the Waikiki Galleria by owner representative The Shidler Group. Located in the Waikiki Beach Central District, Waikiki Galleria is a 16-story tower totaling 255,000 square feet of Class A retail and office space. A prominent building on Waikiki Beach, the Galleria is most widely recognized for its large aquarium filled with exotic sea creatures. PM Realty Group is directly responsible for property management of the 160,000 square feet of office space and administrative management of the retail portion, anchored by Duty Free Shoppers (DFS) Galleria.

The Waikiki Galleria assignment is the second recent success in Hawaii for PM Realty Group, which was recently awarded the exclusive property management, leasing and construction management contract for Amfac Center, a Class “A” office property in Honolulu’s Central Business District, by Duesenberg Investment Company. Together, these two high-profile assignments have increased PM Realty Group's Honolulu portfolio to a total of more than 2 million square feet.

Toni Cofran, RPA, Regional Vice President, directs the Waikiki Galleria team, with ongoing national support from Scott Kuklish, Senior Vice President and Director of PM Realty Group’s Northwest Region. Arlene Reiss, Property Manager, oversees day-to-day management responsibilities.

“This assignment adds another prestigious property to our Honolulu portfolio,” said Scott Kuklish, Senior Vice President and Director of PM Realty Group’s Northwest Division. “We were selected to manage the office portion of the Waikiki Galleria because of our experience in the Honolulu market and our focus on delivering the highest quality of real estate services in the business.”

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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