PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Whitney Williams
Marketing & Communications Manager
PMRG
(713) 209-5935

Dec 18, 2006

PM REALTY GROUP AWARDED EXCLUSIVE LEASING ASSIGNMENT FOR 309,705 SQUARE-FOOT CLASS A OFFICE PROJECT

MANHATTAN BEACH, CA - PM Realty Group (PMRG), a nationwide, full-service commercial real estate firm, has been awarded the exclusive leasing assignment for Manhattan Towers from Wells Real Estate Funds. The 309,705-square-foot, two-building, Class A office project is located at 1230 and 1240 Rosecrans Ave. in Manhattan Beach, Calif. 

PMRG's Manhattan Towers' team will be led by Chris Strickfaden, senior vice president and regional manager, and Mark Mattis, vice president of leasing. "Manhattan Towers offers an outstanding amenity base along Rosecrans Avenue and a prestigious suburban location in the El Segundo/ Manhattan Beach office market," Strickfaden noted. "These are highly marketable aspects in adding new occupants to what is already a strong tenant mix." 

Built in 1985, Manhattan Towers features contemporary concrete and glass exteriors, with most suites offering panoramic views of the surrounding cityscape. In addition to convenient surface parking, covered parking is available under the project with direct access to the buildings, Floor plates average 27,000 square feet. 

Now 97 percent occupied, Manhattan Towers boasts a solid lineup of corporate tenants, including Northrup Grumman, Vineyard Bank, and Beach Business Bank. According to Strickfaden, the property is considered one of the top office structures in Manhattan Beach and the submarket surrounding Los Angeles International Airport.   

About PMRG

PMRG merged operations with Madison Marquette in June 2018 to create a new leader in commercial real estate. The firm offers PMRG’s leasing, property management, investment management and development services, combined with Madison Marquette’s specialized development, investment and marketing expertise. Madison Marquette’s strength in retail and mixed-use assets joins PMRG’s office, medical, industrial and multi-family capabilities to provide national leadership across asset classes. PMRG’s dominance in the southern US combines with Madison Marquette’s presence in primary gateway markets on both coasts to serve the top institutional owners and investors in the industry. The company provides leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion. The combined company is headquartered in Washington, DC with a major presence in Houston, TX. With 600 professionals in 12 regional markets, the merged firm is a member of the Capital Guidance group of companies.