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

May 22, 2007

PM REALTY GROUP COMPLETES $24 MILLION SALE OF CLASS A OFFICE BUILDING IN PHOENIX

PHOENIX, AZ - Officials with PM Realty Group (PMRG), a nationwide, full-service commercial real estate firm, today announced that the firm provided brokerage services in the .3 million acquisition of Black Canyon Corporate Center, a two-story, Class A office building located on 19 acres at 16404 North Black Canyon Highway in Phoenix.
 
San Diego-based Shidler West Investment Partners purchased the approximately 226,000-square-foot building from Hart Properties, based in Redmond, Wash. Major tenants at the property include HTI and Paychecks.
 
Matthew G. Bittick, senior vice president - investment sales & leasing for PMRG's Pacific region, represented the buyer in the transaction. 

"Given PMRG's wide network of relationships with individual and institutional investors throughout the mainland United States and Hawaii, this transaction is a perfect example of our ability to match a product with our client, regardless of geographical location," Bittick said. "Having a long-term relationship with Shidler, we found this opportunity in the fast-growing Phoenix market and knew the property would be an attractive investment for our client."   

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.