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

AT PM REALTY GROUP:
John Dailey
SVP/Director
Investment Services
713-209-5718

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

John Corey
General Information
312-640-6797

FOR IMMEDIATE RELEASE
Jan 20, 2004

PM REALTY GROUP REPRESENTS SM BRELL LP IN SALE OF 336,128-SQUARE-FOOT OFFICE BUILDING IN BATON ROUGE

BATON ROUGE, LA – PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced that SM Brell LP has sold One American Place, a 336,128-square-foot office building in downtown Baton Rouge for an undisclosed amount.

BGK Properties Inc., headquartered in Santa Fe, NM, purchased the building. The purchase of One American Place is the third for BGK in Baton Rouge.

Located at 301 Main Street in downtown Baton Rouge, One American Place is a 24-story building adjacent to the Louisiana State Capital Building. Built in 1974, the property is only seven miles from the Baton Rouge Metropolitan Airport.

John Dailey, Senior Vice President and Director of Investment Services at PM Realty Group, represented SM Brell LP in the transaction, which was sponsored by Koll Bren Schreiber.

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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