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:
Laurel Krome
Media Contact
312-988-2044

Craig Bloomfield
General Information
312-640-6720

FOR IMMEDIATE RELEASE
May 1, 2003

PM REALTY GROUP GAINS PROPERTY MANAGEMENT, LEASING AND CONSTRUCTION MANAGEMENT ASSIGNMENT FOR HAMILTON PLACE IN TORRANCE

Property Services Group Assembled a Superior Disposition
Team to Win Assignment

Los Angeles – PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced it has been awarded the exclusive property management, leasing and construction management assignment for Hamilton Place, a Class A office building located in Torrance, California. The assignment was awarded by institutional advisory firm WRC Properties, on behalf of owner TIAA-CREF.

Hamilton Place is a three-story, 240,000-square-foot office building located at 20101 Hamilton Avenue in Torrance, a prime business center for the South Bay area of Los Angeles. Major tenants include Toyota and Laidlaw Medical Group.

In addition to property management, leasing and construction management, PM Realty Group will be co-listing the sale of the property with Grubb & Ellis’ Kevin Shannon.

"PM Realty Group was selected for this assignment based on our track record with WRC Properties and our commitment of providing outstanding customer service to our clients," said Jim Proehl, Senior Vice President and Director of the Western Division of PM Realty Group. “This will be another PM Realty Group and TIAA-CREF success story.”

Chris Strickfaden, Senior Vice President of Leasing, and Mark Mattis, Vice President of Leasing, will oversee property operations for Hamilton Place, under Proehl’s direction.

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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