HOUSTON, TX - Officials with PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced it has been awarded the management and leasing assignment for The Park on the Bayou building in Northwest Houston. ING Clarion Partners owns the 158,824-square-foot building, which is located at 2500 East T.C. Jester just inside North Loop 610.
Currently 100 percent occupied, Park on the Bayou is expected to become completely vacant in early 2008. PMRG's marketing efforts, led by John Spafford, senior vice president and director of leasing, will focus on securing new tenants for the building.
"This project will provide a large block of contiguous space at an excellent 'inside-the-loop' location," said Spafford. "With improvements planned for the building, we expect a high level of interest."
Headquartered in Houston, Texas, PMRG is one of the nation’s leading real estate companies focusing on comprehensive property services, development and acquisitions. With a strategic presence in 30 markets, PMRG provides the highest quality services to its clients and investors. PMRG’s clients and investors include large financial institutions, advisors and high net worth individuals. By capitalizing on the team’s experience and expertise, PMRG has the ability to undertake large and challenging management, leasing, development and acquisition projects.
PMRG’s portfolio, including projects managed for third parties, includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.
Our goal is to generate exceptional returns for our clients and investors by focusing on real estate fundamentals. For additional information, visit www.pmrg.com