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

Apr 4, 2011

PM REALTY GROUP AWARDED LEASING AND PROPERTY MANAGEMENT ASSIGNMENT FOR NORTHRIDGE CENTER I AND II

ATLANTA, GA - Officials with PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced it was awarded the leasing and property management assignment for Northridge Center I and II, located at 365 and 375 Northridge Rd. respectively, in the Central Perimeter submarket of Atlanta. Northridge Center I and II is owned by KBS Capital Advisors (KBS), an affiliate of KBS Realty Advisors, one of the nation's largest buyers of commercial real estate and structured debt investments.

The experienced PMRG leasing team, consisting of the senior leadership of Bill Weghorst and David Tyler, will be presenting this opportunity to the market. KBS and PMRG's objective is to re-energize the project and renovate both buildings.  According to Bill Weghorst, Executive Vice President and Director of PMRG's Southeastern Region, "the vacancy at Northridge Center I & II creates a unique opportunity for large users and/or companies looking for a headquarters location. Northridge Center I is completely vacant and consists of approximately 64,190 rentable square feet, while Northridge Center II has a contiguous block of approximately 90,000 rentable square feet.  Collectively, the two buildings can meet the space requirements of small tenants all the way up to a large user of 150,000 rentable square feet."

In addition to the leasing assignment, PMRG will provide industry-leading property management services at Northridge Center I and II. With a track record of enhancing asset value, PMRG will utilize experienced professionals, proven systems and advanced technology to develop comprehensive, property-specific plans to meet the needs and objectives of KBS.

Northridge Center I and II boasts approximately 185,954 rentable square feet (64,190 and 121,764 rentable square feet, respectively) and offers on-site management, engineering and a fitness center, as well as convenient access to many area amenities such as restaurants, banks, golf courses, and high end residential housing.

About KBS

KBS Capital Advisors is an affiliate of KBS Realty Advisors, a private equity real estate company and SEC-registered investment advisor founded in 1992 by Peter Bren and Chuck Schreiber.  Since 1992, KBS-affiliated companies have completed transactional activity of approximately $20 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and five non-traded REITs.  For information, visit www.kbsrealty.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.