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

Jul 5, 2011

PM REALTY GROUP AND THE STEVE MILLER COMPANY CLOSE $6 MILLION IN LEASES

INGLEWOOD, CA - PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced the company has co-brokered with the Steve Miller Company, a lease agreement for almost 30,000 square feet of medical office space with Didi Hirsch Community Mental Health Center at Freeman Medical Towers in Inglewood, California.   Miller and PMRG represented the landlord, Grabel Financial & Linton Financial, in the transaction that totaled over $6 million in consideration.

Freeman Medical Towers is a 70,000 square foot medical office building located at 323 Prairie Avenue in Inglewood, California and is adjacent to the recently closed Freeman Medical Center Hospital.  "When Freeman closed a couple of years ago, we had to convert the building from an on-campus MOB to an off-campus MOB.  We targeted large medical users in the area and Didi Hirsch fit the bill," said Mark Mattis, Senior Vice President of PM Realty Group in Los Angeles. 

Didi Hirsch provides quality mental health and substance abuse services in communities throughout California.  The 80-year old company now assists over 70,000 individuals and families each year at ten sites and a variety of school-based programs throughout Los Angeles County.  Craig Jablin, Corporate Managing Director of Studley represented Didi Hirsch.

"We are pleased to have such a quality anchor tenant moving into the property; they provide sought-after critical care to the community," reported Steve Miller.  "Construction of the tenant improvements is underway and Didi Hirsh is expected to relocate from their current offices in August."

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.