Strong start to 2013 for PMRG's Eastern Division ATLANTA, GA -
PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced that it was awarded the property management and leasing assignment for Ten Peachtree Place, a 20-story, 260,000 square foot, class-A high-rise office building located in the heart of Atlanta's Midtown submarket.
Acquired in 2012 by a German institutional investor advised by Prudential Real Estate Investors
, Ten Peachtree Place was built in 1990 with a complete interior renovation in 2002. The building renovation won awards for its design, including the American Society of Interior Designers (ASID) Gold Award for Corporate Projects and The Office Building of the Year (TOBY) Award for the region presented by the Building Owners and Managers Association (BOMA) International.
World-renowned architect Michael Graves designed Ten Peachtree Place and features a polished red granite exterior with reflective glass. A 30-foot-high granite arch and stainless steel entry door panels in the main entrance lead to an elegant lobby. The interior is accented with marble floors and eucalyptus wood panels. Building amenities include a fitness center, a full-service cafeteria with indoor and outdoor dining, an auditorium that seats up to 225 people and is LEED Gold, BOMA 360 and Energy Star Certified. Adjacent to the Midtown MARTA public transit station, the building offers sweeping cityscape views that are some of the most panoramic in the city.
At 100% occupancy, Ten Peachtree Place is anchored by AGL Resources' corporate headquarters and flagship office.
"This win for PMRG Atlanta represents our demonstrated ability and commitment to service high-end real estate like Ten Peachtree Place," said Bill Weghorst, EVP and Director of the Southeast Region. "Our management and leasing teams are dedicated to enhancing property value through all aspects of property operations including tenant relations, building enhancement programs, strategic planning and financial reporting. Our objective is to increase the value of our clients' investments during their hold period."About Prudential Real Estate Investors (PREI)
PREI is a leader in the global real estate investment management business, offering a broad range of investment vehicles that invest in private and public market opportunities in the United States, Europe, the Middle East, Asia, Australia and Latin America. Headquartered in Madison, N.J., PREI has other offices in Atlanta, Chicago, Miami, New York, San Francisco, London, Lisbon, Luxembourg, Munich, Paris, Istanbul, Abu Dhabi, Mexico City, Rio de Janeiro, Sao Paulo, Beijing, Hong Kong, Seoul, Singapore, and Tokyo. In addition, PREI has representatives in Milan and is establishing a presence in Sydney (pending regulatory approval). As of September 30, 2012, PREI managed approximately $51.2 billion in gross real estate assets ($34.6 billion net) on behalf of more than 490 clients worldwide. For more information, visit http://www.prei.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