Press

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

Jan 30, 2006

PM REALTY GROUP WINS FIVE-PROPERTY ASSIGNMENT IN DALLAS

DALLAS - PM Realty Group (PMRG), a national, full-service commercial real estate firm, recently renewed an agreement to provide leasing and property management services for five properties along Greenville Avenue in Dallas.

Known as Forest Green Park, the properties span from 11510-11880 Greenville Avenue and encompass 194,034 square feet. The properties include an office tower, two garden office buildings and one "office flex" building, which features office space in the front of the building and an industrial loading dock in the building's exterior.

PMRG had been providing leasing and property management services for all five buildings for the past four years. ARI Forest Green Partners, which is made up of Dallas-based PRG Realty Partners and Los Angeles-based Adler Realty Investments, Inc., purchased the properties in fall 2005. Upon finalizing the sale, ARI Forest Green Partners continued the engagement of PMRG to provide leasing and property management services.

"We interviewed several firms, and decided that PM Realty Group could combine the necessary engineering muscle from their national facilities management expertise with local market leasing experience," said J.D. Kelley, partner of PRG Realty Partners. "Their commitment to an on-site leasing presence sealed the deal."

ARI Forest Green Partners intends to perform numerous upgrades to the properties and install a significant amount of new mechanical equipment. In addition to leasing and property management services, PMRG will be handling the engineering services and construction management related to these upgrades.

"The current industry trend is to award leasing and property management services to real estate companies entering into joint ventures with their clients," said Bernard Deaton, executive vice president, managing director for PMRG's central region. "While PMRG is not a part of the ARI Forest Green partnership, I believe our ability to offer a comprehensive array of services made us the best-suited company for the assignment."

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.