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

AT PM REALTY GROUP:
Scott Kuklish
Senior Vice President
Pacific Region
808-536-6500

AT WEBER SHANDWICK:
Scott Kuklish
Senior Vice President
Pacific Region
808-536-6500

FOR IMMEDIATE RELEASE
Nov 15, 2004

PM REALTY GROUP AWARDED PROPERTY MANAGEMENT ASSIGNMENT FOR CROSSROADS SHOPPING CENTER IN HAWAII

PM Realty Group also Assisted in the Acquisition of the Property by Konasafe, L.L.C.

HONOLULU, HI – PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced that Konasafe, L.L.C. has acquired the Crossroads Shopping Center in Kailua-Kona, Hawaii. Wendell F. Brooks, III, Vice President of Commercial Properties at PM Realty assisted the buyer in the transaction. PM Realty Group was also selected for exclusive property management and leasing services for the center which is currently 98 percent occupied. The 75,000-square-foot retail shopping center is located at 75-1027 Henry Street within minutes of the Kona Airport at the intersection of Queen Kaahumanu Highway and Henry Street, overlooking the Kailua-Kona harbor. Major tenants include Safeway, Cold Stone Creamery, Denny’s and AT&T Wireless and a host of well-known local and national tenants.

“PM is excited to be working with Konasafe on this highly visible retail shopping center,” said Scott Kuklish, Senior Vice President with PM Realty Group. “We are especially pleased to have the opportunity to work with such a fine group of retailers and the Safeway organization at this location.”

Denise Ching, Property Manager, and Molly Roberts, Property Coordinator will oversee the property services team as well as day-to-day activities. Wendell Brooks, Vice President, and Kyle Arsiga, Associate will head the leasing efforts for the shopping center.

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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