PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002

MEDIA CONTACT: 
Katy Biggerstaff 
Amies Communications
(949) 863-1910, ext. 15 

SAN DIEGO, CA - PM Realty Group (PMRG), a nationwide, full-service commercial real estate firm, today announced that it has completed the $8.6 million sale of Coast Medical Center, a 38,000-square-foot four-story multi-tenant medical office building located at 3444 Kearny Villa Road in San Diego. The buyer is 3444 KV Partners LLC, a partnership that includes many of the existing building tenants and is headed by Dr. Sam Maywood of Coast Surgery, the largest tenant at Coast Medical Center.

PMRG’s Mark Mattis represented the seller, HCP Medical Office Building II, a subsidiary of HCP, Inc. (formerly Health Care Property Investors), in the transaction. HCP is a real estate investment trust (REIT) focused primarily on properties serving the healthcare industry.

“With this transaction, we were able to create a win-win situation for both buyer and seller,” said Mark Mattis, senior vice president of PMRG. “By forming 3444 KV Partners, LLC, Coast Surgery and its partners will enjoy the significant benefits of property ownership and appreciation, rather than leasing, while HCP realized a significant return on its investment and avoided the cost of re-tenanting the project.” The wood frame and stucco building, located within San Diego’s Kearny Mesa submarket at the intersection of Interstate 805 and State Route163, was built in 1985 as a general use office building and later converted to medical use.

About PM Realty Group

Headquartered in Houston, PM Realty Group (PMRG) is a privately held real estate firm of more than 1,300 employees and 25 divisional and regional offices that conducts business in every major state.

With more than 50 years of experience, PMRG provides services to a portfolio valued in excess of $25 billion. The firm’s diversified client base includes institutional and private investors, real estate investment trusts, government agencies, corporations and healthcare service providers.

PMRG focuses on creating value for its clients and offers a full spectrum of real estate services, including property and facility management, leasing, marketing, investment sales, construction management and engineering. In addition, PMRG partners with clients in comprehensive development and joint venture investment programs. For additional information, visit www.pmrg.com.

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