HOUSTON - PM Realty Group (PMRG), a national, full-service commercial real estate firm, has won the property management assignment for more than 950,000 square feet of class A retail properties in Bay Area Houston. The assignment went into effect on Feb. 1.
CDC Houston, Inc. awarded PMRG the assignment, which consists of four retail centers, plus assorted retail pad buildings, located at the crossroads of Interstate 45 South and Bay Area Boulevard on the southeast, southwest and northeast sides of the freeway. Currently, a total of 52 tenants are housed within these retail complexes.
Robert Taylor, vice president of CDC-Houston, Inc., said the company selected PMRG for the assignment based on its broad range of services encompassing all aspects of property management.
"We were able to get all of our needs met through one company," Taylor said. "Their approach and structure has been a great help to us as we move forward through this important evolution of the Baybrook properties."
"We are extremely excited to have the opportunity to work on such a visible and successful retail portfolio with a strong and stable ownership group, especially one with the vision to see this premier real estate develop into a true lifestyle destination," said PM Realty Group's Doug Little, executive vice president and managing director of PMRG's Houston division. "As a resident in the Bay Area community, I am thrilled to be involved in the success of this retail center on both a personal and professional level."