FOR IMMEDIATE RELEASE
Mar 1, 2013
PM REALTY GROUP AWARDED LEASING AND PROPERTY MANAGEMENT FOR WELLS REAL ESTATE FUNDS' DALLAS PORTFOLIO
DALLAS, TX - PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, announces it has been selected to perform leasing and property management services for Wells Real Estate Fund's Royal Ridge V and Duke Bridges I and II; three Class A buildings totaling 403,890 square feet.
Located at 3929 West John Carpenter Freeway, Royal Ridge V is conveniently located just five minutes east of the Dallas / Fort Worth International Airport and features a two-level atrium lobby finished with marble and granite tile. Constructed in 2005, the property, which sits on 7½ acres, includes a data center, four emergency generators and an uninterrupted power supply system.
Benefitting from its strategic location off Warren Parkway and the Dallas North Tollway in Frisco, Texas, Duke Bridges I and II provides tenants excellent access to highway infrastructure including State Highway 121, Dallas North Tollway, and George Bush Turnpike (SH-190). Within a five-minute drive of Duke Bridges I and II are some of the area's newest regional malls, Stonebriar Centre, The Shops at Willow Bend, The Shops at Legacy as well as the prestigious Stonebriar Country Club, Westin Resort and Hotel, numerous high-end single-family and multi-family communities and Dr Pepper Ballpark, home of the Class AA Frisco Roughriders.
"We're extremely pleased to partner with Wells Real Estate Funds on these three assets and to further develop our long-standing relationship," said Kurt Cherry, Executive Vice President, within PMRG's Dallas office. "Royal Ridge V and Duke Bridges I and II are part of our expanding presence in the Dallas-Fort Worth area and are great additions to our portfolio of quality office buildings in high-growth areas."
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