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

AT PM REALTY GROUP:
Chris Strickfaden
SVP - Operations and Leasing
310-215-8500

AT WEBER SHANDWICK:
Laurel Krome
Media Contact
312-988-2044

John Corey
General Information
312-640-6797

FOR IMMEDIATE RELEASE
Jan 8, 2004

PM REALTY GROUP AWARDED PROPERTY MANAGEMENT, CONSTRUCTION MANAGEMENT AND LEASING ASSIGNMENT FOR 268,000-SQUARE-FOOT MARINA BUSINESS CENTER I

PM Realty Group Now Manages Both Marina Business Center I and II

MARINA DEL REY, CA – 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, construction management and leasing services for Marina Business Center I. The four-building, 268,214-square-foot business park is located in Marina del Rey, California and owned by Hankey Investments.

Located at 13160 Mindanao Way and 4499, 4501, 4503 and 4505 Glencoe Avenue, the property is adjacent to the Villa Marina Center, which includes many restaurants, hotels, and movie theaters. 13160 Mindanao Way is a three-story office building while 4499, 4501, 4503 and 4505 Glencoe Avenue are two-story ‘flex’ buildings. The property is conveniently located 10 minutes from Los Angeles International Airport and offers easy access to the 90 and 405 freeways. The four-building business park also houses tenants such as Nike, CancerVax and Cogent.

“PM Realty Group was selected for these assignments based on proven performance and a relationship with the client,” said Chris Strickfaden, Senior Vice President of Operations and Leasing, PM Realty Group. “We look forward to extending the relationship by providing our property management, construction management and leasing skills for the premier office centers in Marina del Ray.”

Strickfaden and Jim Proehl, Managing Director at PM Realty Group, will oversee all three property services.

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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