ROCKWALL, TX - Officials with PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced that it has leased 4,000 square feet of space in Rockwall Medical Center to Cardiology and Interventional Vascular Associates (CIVA). Rockwall Medical Center is the largest medical office building in Rockwall, Texas, a suburb of Dallas.
CIVA physicians specialize in the diagnosis of cardiovascular disease using non-invasive technologies, such as nuclear, ultrasound and CT imaging. The company signed a 10-year lease in September to occupy space in the Class A property, located at 1005 West Ralph Hall Parkway and next to the site for the new Presbyterian Hospital of Rockwall, which will open in late 2007. CIVA, which operates four other regional locations, will move into Rockwall Medical Center in January 2007.
A two-story, 90,000-square-foot building, Rockwall Medical Center opened in March 2006, becoming the first medical complex in the community and providing East Texas residents with access to better medical care options closer to home. The property features an imaging diagnostic center, medical laboratory, medical offices and covered parking. Currently 75 percent leased, other large tenants include Les T. Sandknop, D.O.; Lake Pointe Diagnostic and Imaging Center; Lakeside Surgical Associates; and MedicalEdge. Rockwall Medical Center is owned by Quorum Lake Pointe Partners I & II, LP.
PMRG provides leasing and property management services for the building. For information on leasing, contact Ed Schnieders with PMRG at (972) 680-0106.
About Quorum Equities Group
Quorum Equities Group LLC is a privately owned, full-service real estate development company headquartered in Dallas. The company owns, develops and manages commercial properties in rapidly growing communities throughout the west, midwest and southern regions of the United States. Quorum's integrated, full-service approach to real estate development and investments is bolstered by its significant expertise structuring complex and large-scale transactions. As a result of focused investment strategies, geographic coverage, development expertise and extensive capital relationships, Quorum is able to source, underwrite and execute development opportunities in a single market or across the country. For more information, visit www.quorumequities.com.
About PM Realty Group
Headquartered in Houston, Texas, PM Realty Group (PMRG) is one of the nation’s leading real estate companies focusing on comprehensive property services, development and acquisitions. With a strategic presence in 30 markets, PMRG provides the highest quality services to its clients and investors. PMRG’s clients and investors include large financial institutions, advisors and high net worth individuals. By capitalizing on the team’s experience and expertise, PMRG has the ability to undertake large and challenging management, leasing, development and acquisition projects.
PMRG’s portfolio, including projects managed for third parties, includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.
Our goal is to generate exceptional returns for our clients and investors by focusing on real estate fundamentals. For additional information, visit www.pmrg.com