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

Feb 15, 2006

PM REALTY GROUP ASSIGNED TO MANAGE 950,000 SQUARE FEET OF RETAIL PROPERTIES IN BAY AREA HOUSTON

HOUSTON - PM Realty Group (PMRG), a national, full-service commercial real estate firm, has won the property management assignment for more than 950,000 square feet of class A retail properties in Bay Area Houston. The assignment went into effect on Feb. 1.

CDC Houston, Inc. awarded PMRG the assignment, which consists of four retail centers, plus assorted retail pad buildings, located at the crossroads of Interstate 45 South and Bay Area Boulevard on the southeast, southwest and northeast sides of the freeway. Currently, a total of 52 tenants are housed within these retail complexes.

Robert Taylor, vice president of CDC-Houston, Inc., said the company selected PMRG for the assignment based on its broad range of services encompassing all aspects of property management.

"We were able to get all of our needs met through one company," Taylor said. "Their approach and structure has been a great help to us as we move forward through this important evolution of the Baybrook properties."

"We are extremely excited to have the opportunity to work on such a visible and successful retail portfolio with a strong and stable ownership group, especially one with the vision to see this premier real estate develop into a true lifestyle destination," said PM Realty Group's Doug Little, executive vice president and managing director of PMRG's Houston division. "As a resident in the Bay Area community, I am thrilled to be involved in the success of this retail center on both a personal and professional level."

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.