DALLAS, TX – PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced the launch and groundbreaking of McKinney Medical Plaza, a three-building, 21,617 square foot medical office complex located on Virginia Parkway near the intersection of Ridge Road in the thriving community of McKinney, Texas.

Located within a five mile radius of five different hospitals, McKinney Medical Plaza is well positioned to accommodate the ever-changing medical office needs of these prestigious medical centers and their physicians.

“PMRG is a recognized leader in medical office development; having identified early opportunities in growing cities such as Sherman/Denison, Forney, Rowlett, Rockwall, and now McKinney,” said Glen Perkins, Executive Vice President and Managing Director. “Our newest location scores better than 94.55% of the national markets for medical growth and patient affluence. McKinney’s patient base is projected to grow 14.4% with the county expanding at a rate of 21.1%.  Our centralized location provides high visibility and convenient access to the best medical care in the area.”  

McKinney has seen a 235% jump in population from its 1990 Census Bureau count of 54,369 and had the fastest growth rate in the nation during 2000-2008.  This explosive growth is expected to continue and result in a sizeable gap between the demand for quality care and the number of providers available to service those demands. The service area for this project offers existing and new medical practices the ability to capture new patients for both primary care and specialty practices.  With a recent study by Inovar Research indicating a shortage of physicians already exists in this sub-market, McKinney Medical Plaza offers a tangible benefit to both physicians and patients alike. 

Located in a northern suburb of Dallas, McKinney’s population of nearly 128,000 is one of the fastest-growing cities in America and was recently recognized by Money Magazine as 5th on their list of the Best Places to live in the country.

McKinney Medical Plaza’s launch follows the recent completion of the 120,000 square foot Texoma Medical Plaza, another in a series of successful PMRG medical developments. For more information about McKinney Medical Plaza, please visit www.MckinneyMOB.com.

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.