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

Aug 25, 2008

PM REALTY GROUP LEASES SPACE TO SURGERY CENTER IN NORTHPOINT MEDICAL ARTS

DALLAS, TX - Officials with PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced the company has brokered a lease agreement with Northpoint Surgery Center, a multi-specialty facility, to occupy 11,774 square feet in the Northpoint Medical Arts building in Dallas. 

Located at 12606 Greenville Ave., near the LBJ Freeway and Central Expressway, Northpoint Medical Arts is part of a four-building campus nestled inside a park-like setting. The 114,075-square-foot, two-story facility is five minutes from four major hospitals in the Dallas area: Presbyterian Hospital, Baylor Hospital, Richardson Regional Medical Center and Medical City Hospital. 

Built in 1980, the medical office building underwent a .5 million renovation in 2007. Northpoint Surgery Center will occupy the building in March 2009 after an extensive build out. Build out plans include two operating rooms and one procedure room with the ability to grow into four operating rooms. Other major tenants in the building include the Northpoint Cancer Center, Northpoint Pediatric Care, UTSW Medical Center Ophthalmology Group and MedicalEdge Healthcare Group. 

"We are pleased to welcome this group of established physicians and believe significant synergy will be created among the other practice groups in the project," said Lee Waters, Director of Asset Services for PM Realty Group. 

Northpoint is a joint venture between Quorum Equities and PM Realty Group, LP. Kyle Libby with PM Realty represented the landlord in the transaction. 

About Quorum Equities Group 

Quorum Equities Group LLC is a privately owned, full-service real estate development company headquartered in Dallas. The company owns, develops and manages commercial properties in rapidly growing communities throughout the west, midwest and southern regions of the United States. Quorum's integrated, full-service approach to real estate development and investments is bolstered by its significant expertise structuring complex and large-scale transactions. As a result of focused investment strategies, geographic coverage, development expertise and extensive capital relationships, Quorum is able to source, underwrite and execute development opportunities in a single market or across the country. For more information, visit www.quorumequities.com. 

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.