PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Sommer Bukowski
PMRG | PM Realty Group
713.209.5810 (office)
214.621.3317 (cell)
sbukowski@pmrg.com

FOR IMMEDIATE RELEASE

Jul 5, 2011

PM REALTY GROUP AND THE STEVE MILLER COMPANY CLOSE $6 MILLION IN LEASES

INGLEWOOD, CA – PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced the company has co-brokered with the Steve Miller Company, a lease agreement for almost 30,000 square feet of medical office space with Didi Hirsch Community Mental Health Center at Freeman Medical Towers in Inglewood, California.   Miller and PMRG represented the landlord, Grabel Financial & Linton Financial, in the transaction that totaled over $6 million in consideration.

Freeman Medical Towers is a 70,000 square foot medical office building located at 323 Prairie Avenue in Inglewood, California and is adjacent to the recently closed Freeman Medical Center Hospital.  “When Freeman closed a couple of years ago, we had to convert the building from an on-campus MOB to an off-campus MOB.  We targeted large medical users in the area and Didi Hirsch fit the bill,” said Mark Mattis, Senior Vice President of PM Realty Group in Los Angeles. 

Didi Hirsch provides quality mental health and substance abuse services in communities throughout California.  The 80-year old company now assists over 70,000 individuals and families each year at ten sites and a variety of school-based programs throughout Los Angeles County.  Craig Jablin, Corporate Managing Director of Studley represented Didi Hirsch.

“We are pleased to have such a quality anchor tenant moving into the property; they provide sought-after critical care to the community,” reported Steve Miller.  “Construction of the tenant improvements is underway and Didi Hirsh is expected to relocate from their current offices in August.”

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.