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

Mar 15, 2011

PM REALTY GROUP BROKERS OVER $ 2 MILLION IN MEDICAL OFFICE LEASES IN LONG BEACH

Healthcare Advisory Group Inks Heavy Activity Out West


LONG BEACH, CA - PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced the company has brokered four (4) separate lease agreements totaling over 20,000 square feet of medical office space at the St. Mary Physician's Center located at 1043 Elm Street, Long Beach, California.   The 54,000 square foot medical facility is owned by Healthcare Trust of America (HTA) and is located on the St. Mary Medical Center hospital campus near downtown Long Beach.  Catholic Healthcare West (CHW) operates the 415 bed, Level II trauma hospital.

CHW inked the two largest transactions of the four; a lease renewal for their 9,500 square foot surgery center and an expansion/renewal of their 8,500 square foot Comprehensive Aids Resource and Education (C.A.R.E.) program.  The C.A.R.E. group is adding additional space to make room for an in-house pharmacy that will be open to the public.

"HTA is pleased to have Catholic Healthcare West continue as an anchor tenant in their project.  The Hospital and its many departments provide vital medical services to the Long Beach community," said Mark Mattis, Senior Vice President of PMRG's Los Angeles office, Healthcare Advisory Group member and broker of HTA's four medical leases. CHW is the largest hospital system in California and operates over 40 hospitals and care centers in the Western United States.

In another expansion, the City of Long Beach added an additional 1,500 square feet to the Women, Infants and Children (WIC) office located on the 4th floor.  The almost 5,000 square foot office now has a larger waiting area and modernized facilities for their clients.

Lastly, Medical Legal Management, a physician's service firm, committed to a 3 year lease for over 1,200 feet. The San Bernardino-based company moved into the project in mid-February.

PMRG's Healthcare Advisory Group focuses on serving clients in the healthcare industry with their real estate needs. With nationwide coverage and key regional offices, PMRG can leverage existing expertise in the healthcare industry and help broaden its footprint in this growing market sector. For more information, visit: PMRG's Healthcare Advisory Group or contact Scott Kuklish, EVP, Managing Director of Medical Property Services.

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.