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

AT PM REALTY GROUP:
Bernard Deaton
EVP/ Managing Director
972-680-0106

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

FOR IMMEDIATE RELEASE
Sep 16, 2004

DALLAS TELCO FEDERAL CREDIT UNION SIGNS LEASE FOR 18,651 SQUARE FEET AT 5429 LBJ FREEWAY IN DALLAS

DALLAS, TX – PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced that Dallas Telco Federal Credit Union has signed a ten-year lease for 18,651 square feet of office space at 5429 LBJ Freeway, an office building totaling 232,541 square feet.

The 10-story office building is located in the LBJ Freeway submarket near Valley View Center and is part of a three building campus called LBJ Campus. Building amenities include a deli and covered parking areas. Located nearby is The Galleria upscale retail area, the Addison Entertainment District and the Telos Athletic Club.

“We are pleased to sign a lease for such a prestigious building in this market,” said Bert Beal, President and CEO of Dallas Telco Federal Credit Union.

Lawrence Gardner and Darryl Mullin of Cushman & Wakefield of Texas, Inc., represented Dallas Telco Federal Credit Union in the transaction. Kurt Cherry and Kathy Mulgrew, working under the direction of Bernard Deaton, Senior Vice President and Director of the Central Division at PM Realty Group represented Iris Properties Associates, L.P. in the transaction.

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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