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

MEDIA CONTACT: 
Jessica Spaulding Thompson 
Amies Communications 
(949) 863-1910, ext. 22

FOR IMMEDIATE RELEASE
Dec 18, 2007

PM REALTY GROUP COMPLETES $10,700,000 SALE
OF HILO MEDICAL BUILDING IN HILO, HAWAII 

HILO, HAWAII - Officials with PM Realty Group (PMRG), a nationwide, full-service commercial real estate firm, announced today the $10,700,000 sale of the two-story, 22,751-square-foot Hilo Medical Building located at 45 Mohouli St. in Hilo, Hawaii. Matthew G. Bittick, senior vice president-investment sales and leasing for PMRG’s Pacific Region, represented the landlord, GLACS, LLC, and the buyer, Montecito Medical Investment Group.

The sale follows PMRG’s successful 10-year lease agreement for the medical building with Hawaii Health Systems Corporation (HHSC). The nation’s fourth-largest public hospital system, HHSC announced plans to expand its outpatient services from Hilo Hospital to the new freestanding facility. HHSC is the sole tenant of the Hilo Medical Building, which was built specifically to accommodate a medical services provider.

“Our expertise in investment sales, and more specifically with medical office properties, was key to developing a sales strategy for the property owner,” said Bittick. “Medical office buildings are in short supply and, therefore, in high demand. This was truly a win-win for all parties, creating a solution that worked for the buyer, seller and tenant.”

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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