FOR IMMEDIATE RELEASE
Aug 28, 2013
PM REALTY GROUP SECURES SIGNIFICANT LEASE AT JACOBS PLAZA, WEST HOUSTON'S NEWEST OFFICE DEVELOPMENT
HOUSTON, TX - PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced that it has secured a new lease for 81,818 square feet with Jacobs at Jacobs Plaza located at 12140 Wickchester Lane. Jacobs Plaza will be the Energy Corridor's newest office development located at 12140 Wickchester Lane, in the West Houston Energy Corridor at Woodbranch and I-10 between Kirkwood and Dairy Ashford.
Owned by Netherlands-based Stena Realty Group, the company also owns Woodbranch Plaza I and II, Jacobs Plaza represents Houston's newest Class A office development project and will consist of 164,680 square feet with an accompanying garage. Designed by Kirksey, the new office development will be LEED Silver Certified. Future plans for Jacobs Plaza, located in a beautiful park like setting, include a fourth building, encompassing 165,000 square feet plus an additional accompanying garage.
Jacobs, one of the world's largest and most diverse providers of technical, professional, and construction services, secured nearly half of the availability within Woodbranch Plaza III, for a total of 81,818 square feet of office space. Wade Bowlin, Executive Vice President and Managing Director of PMRG's Central Division, and Randi Smith, Vice President of Leasing, represented Stena Realty in the transaction and Eric Olofson, Lou Cushman and Courtney Walker from Cushman & Wakefield represented Jacobs Engineering Group.
"We are more than pleased with the demand in West Houston," said Bowlin. "Jacobs Plaza is a unique development that offers a campus-feel with the convenience of being right off I-10. Additionally, we're delighted with the views this development possesses and look forward to starting Woodbranch Plaza IV shortly."
PMRG is serving as development partner for Jacobs Plaza, as well as handling leasing and property management.
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