Mar 28, 2007
PM REALTY GROUP AWARDED ING CLARION MANAGEMENT/LEASING ASSIGNMENT
HOUSTON, TX - Officials with PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced it has been awarded the management and leasing assignment for The Park on the Bayou building in Northwest Houston. ING Clarion Partners owns the 158,824-square-foot building, which is located at 2500 East T.C. Jester just inside North Loop 610.
Currently 100 percent occupied, Park on the Bayou is expected to become completely vacant in early 2008. PMRG's marketing efforts, led by John Spafford, senior vice president and director of leasing, will focus on securing new tenants for the building.
"This project will provide a large block of contiguous space at an excellent 'inside-the-loop' location," said Spafford. "With improvements planned for the building, we expect a high level of interest."
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.