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

AT PM REALTY GROUP:
Scott Kuklish
SVP
Pacific Region

AT WEBER SHANDWICK:
Casey Boggs
Media Contact
310-407-6576

Pam Munoz
General Information
312-988-2047

FOR IMMEDIATE RELEASE
Jun 24, 2004

PM REALTY GROUP REPRESENTS CONNECTICUT GENERAL LIFE INSURANCE IN SALE OF 677 ALA MOANA IN HONOLULU

PM Realty Group Adds Leasing Management to Existing Property Management and Construction Management Assignment

HONOLULU, HI - PM Realty Group, a national real estate firm with one of Hawaii’s largest commercial leasing and property management portfolios, today announced its representation of Connecticut General Life Insurance Company in the sale of 677 Ala Moana to CEP Hawaii Investors LLC. PM Realty Group will continue to handle property management and construction management, and now has been awarded the leasing management assignment for the building. The sale price was undisclosed.

“We were pleased to represent CGLIC in the sale of this high-profile property,” said Linda Gee, Vice President of PM Realty Group. “We look forward to assisting CEP Hawaii Investors with its first Hawaii investment.”

677 Ala Moana is a landmark building in Honolulu, built in 1971, which was previously known as the Gold Bond Building. It is located on the main thoroughfare between the financial district of Honolulu and the resort destination of Waikiki. The 12-story building offers 265,637 rentable square feet and sits on 1.43 acres of land. Tenants can enjoy the on-site post office, convenience store, conference rooms and the large parking garage. Noteworthy tenants include The University of Hawaii School of Medicine, American Express Travel and the Hertz Corporation.

Linda Gee, Vice President of PM Realty Group - Hawaii, represented the seller, and will be working with Matthew Bittick, Vice President of PM Realty Group – Hawaii in the leasing of available space.

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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