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
Aug 1, 2003

PM REALTY GROUP AWARDED MANAGEMENT ASSIGNMENT FOR PRESTIGIOUS PACIFIC GUARDIAN CENTER IN HONOLULU

HONOLULU – PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced it has been selected to provide exclusive property management and construction management service to the prestigious Pacific Guardian Center in downtown Honolulu, Hawaii. Pacific Guardian Center is a 622,348-square-foot office center consisting of three buildings; two 31-story high-rise mirrored glass office towers, named the Mauka and Makai Towers, and the Dillingham Transportation Building, a historic low-rise office building.

The assignment was awarded by Pacific Guardian Life Insurance Company, Ltd. The prime location in the heart of downtown Honolulu, together with the building’s superior quality and floor-to-ceiling ocean views, make the Pacific Guardian Center one of the most desirable addresses in Honolulu.

Toni Cofran, Regional Vice President, Hawaii, leads the PM Realty Group management team, under the direction of Scott Kuklish, Senior Vice President, and Jim Proehl, Senior Vice President and Director of the Western Division.

The Mauka Tower, the Makai Tower and the Dillingham Transportation Building are located at 737 Bishop St., 733 Bishop St., and 735 Bishop St., respectively. The property is currently 88 percent leased, with major tenants such as AT&T Wireless, Bank of the Orient, MCI International, UBS Paine Webber Inc., USA Dept. of Navy and Watson Wyatt Worldwide.

Pacific Guardian Center offers 774 covered parking spaces, 14 high-speed elevators, conference rooms, complimentary valet parking, high-speed data lines and downtown’s only office concierge center.

The property also offers convenient access to Honolulu’s Central Business District; Federal, State and County government offices; and the Aloha Tower Marketplace. Additional information can be found at www.pacificguardiancenter.com.

“This assignment is testament to PM Realty’s continued relationship with Pacific Guardian Insurance,” said Scott Kuklish. “PM Realty is truly honored to be able to work with Pacific Guardian Life Insurance in respect to this premier center.”

"We selected PM Realty Group for this assignment because they have built a strong local reputation as well as a strong national reputation for providing high quality tenant service," said H. Brian Moore, Vice President of Real Estate Investment at Pacific Guardian Life Insurance Company, Inc.

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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