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

Jan 28, 2011

PM REALTY GROUP ANNOUNCES LAUNCH AND GROUNDBREAKING OF MCKINNEY MEDICAL PLAZA

PMRG Launches Medical Office Development in Response to Growing DFW Healthcare Demand

DALLAS, TX - PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced the launch and groundbreaking of McKinney Medical Plaza, a three-building, 21,617 square foot medical office complex located on Virginia Parkway near the intersection of Ridge Road in the thriving community of McKinney, Texas.

Located within a five mile radius of five different hospitals, McKinney Medical Plaza is well positioned to accommodate the ever-changing medical office needs of these prestigious medical centers and their physicians.

"PMRG is a recognized leader in medical office development; having identified early opportunities in growing cities such as Sherman/Denison, Forney, Rowlett, Rockwall, and now McKinney," said Glen Perkins, Executive Vice President and Managing Director. "Our newest location scores better than 94.55% of the national markets for medical growth and patient affluence. McKinney's patient base is projected to grow 14.4% with the county expanding at a rate of 21.1%.  Our centralized location provides high visibility and convenient access to the best medical care in the area."  

McKinney has seen a 235% jump in population from its 1990 Census Bureau count of 54,369 and had the fastest growth rate in the nation during 2000-2008.  This explosive growth is expected to continue and result in a sizeable gap between the demand for quality care and the number of providers available to service those demands. The service area for this project offers existing and new medical practices the ability to capture new patients for both primary care and specialty practices.  With a recent study by Inovar Research indicating a shortage of physicians already exists in this sub-market, McKinney Medical Plaza offers a tangible benefit to both physicians and patients alike. 

Located in a northern suburb of Dallas, McKinney's population of nearly 128,000 is one of the fastest-growing cities in America and was recently recognized by Money Magazine as 5th on their list of the Best Places to live in the country.

McKinney Medical Plaza's launch follows the recent completion of the 120,000 square foot Texoma Medical Plaza, another in a series of successful PMRG medical developments. For more information about McKinney Medical Plaza, please visit www.MckinneyMOB.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.