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HOUSTON - Officials with PM Realty Group (PMRG), one of the nation’s leading full-service commercial real estate firms, today announced the company recently brokered the sale of more than $85 million in retail assets across Texas and Iowa. The sales mirror the new emerging trend of corporate investors streamlining their portfolios due to the heated commercial real estate investment market.
“Recognizing imbalanced investment portfolios, corporate America and individuals diversified their portfolios by quickly and aggressively moving into the real estate market, especially retail, which is noted for its stable and strong income flow,” said Stephannie Mower, director of investment services for PMRG. “Demand is at an all-time high. Because of the enormous capital flow in the market, large institutional investors are now concentrating their portfolios to include only their specific target assets. Meanwhile, smaller companies and high-net-worth individuals are now being forced to open up their investment criteria, such as looking at secondary markets and stressed assets, in order to find deals.”
PMRG’s national investment services team helped existing client GMAC Commercial streamline its portfolio by selling Skillman Commons, a two-story, 59,153-square-foot retail center located in a densely populated and growing area of northeast Dallas. Some of the larger tenants include Dickey’s, H&R Block, Skillman Street Pub and Quizno’s. Skillman Commons was 46 percent occupied at the time of the sale.
PMRG closed a deal for Developers Diversified Realty Corporation with Dunhill Partners, Inc. on Fossil Creek, a one-story, 6.4-acre retail center located 10 miles north of downtown Fort Worth. Situated in one of the fastest growing areas of the city, Fossil Creek encompasses 59,153 square feet and is home to large tenants such as Family Dollar, GNC, Starbucks Coffee, Radio Shack, Pizza Inn, Subway, H&R Block, CATO and AlphaGraphics. The center was almost 95 percent occupied at the time of the sale.
An Iowa merchant developer called upon PMRG to help sell Clocktower Square, a single-story, 141,873-square-foot retail center located in West Des Moines, Iowa. Some of the larger tenants include T.J. Maxx, OfficeMax, Tuesday Morning and Dollar Tree.
All three assignments were completed in October 2005.
Mower credits PMRG’s attention to detail and broad network of potential buyers to landing the three assignments.
“Our existing clients know they can count on us to monitor every detail throughout the stage of the sale and to directly communicate all progress throughout the process, “Mower said. “This alleviates the seller from having to monitor every step of the deal. Furthermore, because of the size and reach of our company, we bring access to a broad spectrum of national buyers, including institutional and private investors, thereby generating an expansive market for the property.” | 
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