Mar 21, 2013
PM REALTY GROUP EXPANDS LEADERSHIP TO SUPPORT GROWTH IN EASTERN DIVISION
ATLANTA, GA - PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced a leadership expansion within the Eastern Division as the result of its significant growth within new markets such as New England, North Carolina and South Florida, in addition to the success experienced in Atlanta.
The new organization will divide the current Eastern Division into the Northeast and the Southeast Divisions. The Northeast Division will be led by Dave Parker, Executive Vice President and Managing Director, and will cover an area from New England down through the Middle Atlantic States. The Southeast Division will be led by Bill Weghorst, who has been promoted to Managing Director for the firm's Southeast Division, and will cover the Carolinas, Tennessee, Georgia, Alabama and Florida. Weghorst will continue to oversee the portfolio managed under his previous title of Executive Vice President but takes on greater leadership responsibilities introduced as the result of PMRG's significant growth within these new markets.
"Over the last few years, PMRG has experienced significant growth within the Eastern Division," said Jimmy Gunn, President of PMRG's Property Services Group. "Led by Managing Director Dave Parker, PMRG has moved into new markets where we have not previously had a presence including New England, specifically the greater Boston market, Charlotte, North Carolina and south Florida. This growth has made it necessary for us to adjust our organization to ensure that we are properly structured to provide support and resources to our employees and the very highest level of service to our clients."
"While we are proud of our progress, we also understand the importance of focusing on major markets where we have already made an investment of time and resources," said Dave Parker, Executive Vice President and Managing Director of PMRG's Northeastern Division. "Our goal continues to be to provide a more diverse set of services in specific markets in the Eastern U.S., and we expect that this new organizational structure will allow us to accomplish that goal."
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.