FOR IMMEDIATE RELEASE
Jan 10, 2006
PM REALTY GROUP BROKERS WINDWARD TOWN & COUNTRY PLAZA SALE
PM Realty Group will also manage and lease the property for the new owner
HONOLULU, HI - PM Realty Group (PMRG), one of the nation's leading full-service commercial real estate firms, announced Tuesday the sale of the Windward Town & Country Plaza in Kailua.
Wendell Brooks, senior vice president of retail leasing and investment sales for PMRG, facilitated the transaction between the seller, the Wong family, and the buyer, Diversified Equities.
“We're excited about the sale,” Brooks said. “It's in a great location with very successful tenants.”
The Windward Town & Country Plaza is located at 201 Hamakua Drive and consists of two phases. Phase I was built in 1987 and includes 10 tenants, including Safeway and American Savings Bank. Phase II was built in 1989 and houses eight tenants, including Kaiser Permanente, Firestone and Down To Earth Natural Foods & Lifestyle.
“Great things are happening in Kailua and Windward Town & Country fits in well,” Brooks said. “The new owner plans to upgrade the property in the near future.”
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 21 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 $30 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.