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

AT PM REALTY GROUP:
Bernard Deaton
SVP/Director
Central Division
972-680-0106

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

Pam Munoz
General Information
312-988-2047

FOR IMMEDIATE RELEASE
Aug 30, 2004

PM REALTY GROUP ORCHESTRATED SALE OF WAIAKEA RETAIL CENTER IN HAWAII

Firm Also Awarded Leasing and Management Assignment; Now Manages More Than Five Million Square Feet of Commercial Space Within Hawaii

HONOLULU, HI - PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced that it has successfully coordinated the sale of the 231,000-Square-foot Waiakea Center in Hilo, Hawaii. Additionally, PM Realty Group has been awarded the construction management, property management and leasing services assignments of the retail center. Primary tenants of the retail center include Wal-Mart, Ross, Border’s Books, Office Max and Chevron. Hilo Partners, LLC, the building owner, will continue to seek additional retail properties within Hawaii.

Located at 315-325 Makaala Street, the retail center is approximately three miles from the Hilo Airport on the big island of Hawaii. The center was built in 1997 and sits on 18 acres of land.

Wendell Brooks, Vice President of PM Realty Group, coordinated the sale of Waiakea Center. Brooks, with support from Kyle Arsiga, Associate, will lead leasing services for the property. Scott Kuklish, Senior Vice President, and Denise Ching, Property Manager, will lead the management team.

“In addition to the coordination of the sale, PM Realty Group was awarded the assignments based on our depth of expertise and personnel for both management and leasing services,” said Scott Kuklish. “This is another significant step for us to strengthen our existing foothold in the retail arena in Hawaii.”

The fast-growing Honolulu office maintains a leasing and property management portfolio totaling over five million square feet throughout Hawaii, as well as a thriving business in property investment sales. The office also represents a growing list of corporate clients, including leaders in the healthcare and energy businesses.

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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