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

AT PM REALTY GROUP:
Wade Bowlin
SVP/Director
Central Division
713-209-5753

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

Pam Munoz
General Information
312-988-2047

FOR IMMEDIATE RELEASE
Jun 28, 2004

PM REALTY GROUP AWARDED PROPERTY MANAGEMENT ASSIGNMENT FOR 11 HOUSTON BUILDINGS

Capital Commercial Investments, Inc. Awards PM 695,801-Square-Foot Houston Portfolio

HOUSTON, TX - PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced that it has been awarded the management assignment for 11 buildings in the Clear Lake and North Houston submarkets of Houston. The 695,801-square-foot assignment was awarded by Capital Commercial Investments, Inc. PM will manage Capital Commercial’s entire office portfolio in Houston.

Charlotte Liberda, Senior Vice President at PM Realty Group will oversee the property management. PM will aid Capital Commercial in stabilizing its income streams to successfully market these buildings for sale.

“PM Realty Group was chosen based on their ability to work with us on a national level,” said Derek George, Partner and Managing Director with Capital Commercial. “This move creates a national management company which will offer seamless management across the country as we plan to grow our office portfolio by another seven to 10 million square feet to markets outside of Houston over the next 24 months.”

“We’ll help Capital Commercial achieve consistency in their portfolio and upgrade their level of management,” said Wade Bowlin, Senior Vice President and Director at PM Realty Group.

Capital Commercial is also tapping PM Realty Group’s national presence to raise money for purchases in Atlanta, Austin, Dallas and Denver as the company continues to buy properties across the country.

Woodlands Atrium - 24900 Pitkin Road; Regents Park II - 1335 Regents Park Drive; Regents Park III- 16850 Saturn Drive; The Boeing Building- 16055 Space Center Blvd.; Bay Plaza 1- 711 West Bay Area Blvd.; 4610 F.M. 19160 West; Kings Row Office Condominiums - 18096 Kings Row; 1350 Nasa Road One; Commerce Park North - 15425 North Freeway; Tetra-Chase Texas Bank Centre - 25025 North Freeway; Plaza at Commerce Park North - 222 Pennbright Drive

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.

Back to 2004 News