Press

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

Apr 3, 2006

PM REALTY GROUP TO MANAGE XEROX CENTRE

SANTA ANA, CA - PM Realty Group (PMRG), a nationwide, full-service commercial real estate firm, has been awarded management of Xerox Centre, a 15-story, Class A office tower in Santa Ana, Calif. The contract is effective immediately.

The 321,836-square-foot high-rise building is located at 1851 East First Street and includes an eight-story parking structure with 1,125 stalls. Newport Beach, Calif.-based WCB Properties purchased Xerox Centre in January 2006.

"In collaboration with WCB, we will be positioning Xerox Centre as a premier workplace environment, not only in Santa Ana, but in all of Orange County," said Jim Proehl, executive vice president/managing director of PMRG's Western division. "We've already brought in Therese Gray, a skilled senior property manager with many years of experience working within Class A environments. Her understanding of the environment needed will ensure we provide superior tenant comfort and satisfaction at this local landmark."

Gray will be supported by assistant property manager Natasha Greene.

PMRG's in-house construction services staff will work with Xerox Centre's existing engineering team, which has been in place for 14 years.
"We've been fortunate to inherit outstanding and dedicated building engineers," Proehl added. "We will work together to maintain PM Realty Group's signature emphasis on operational efficiency and high amenity standards."

"To increase value and create a 'best-in-class' office environment at Xerox Centre, WCB aims to raise the bar in quality, attention to detail and customer service," said Terry Thompson, vice president of acquisitions at WCB Properties. "PM Realty Group understands this objective and will be instrumental in helping us in our overall strategy and positioning of the building. In addition, the company recognizes the importance of teamwork and maintains a strong working relationship with the listing brokerage team at the property."

Xerox Centre is currently 85 percent occupied by such major tenants as Xerox Corporation, Ashland Oil, Hollins & Schecter and Merrill Lynch.

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.