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

Mar 2, 2009


Opening Houston Office to Expand Energy Practice

HOUSTON, TX - Dallas-based Carlson Capital, LP, a multi-strategy alternative asset management firm, has leased 8,774 sq ft comprising the entire 50th floor in Bank of America Center, located at 700 Louisiana Street in downtown Houston's theater district. Carlson Capital is establishing a Houston office to expand its energy practice under the leadership of new CEO Ron Hulme.

Bank of America Center is a 56-floor office tower encompassing 1.25 million square feet, and is owned by a joint venture of M-M Properties and an affiliate of the General Electric Pension Trust, advised by GE Asset Management. GE Asset Management, a global asset manager, is the real estate advisor to the GE Pension Trust.

"Carlson Capital is a perfect fit for Bank of America Center and its 50th floor. The smaller floors near the top of the building provide tenants such as Carlson Capital the distinction and prestige of a full-floor presence," said Bill McFarland, vice president with M-M Properties.

The building was designed by award winning architect Phillip Johnson and partner John Burgee, is located in the heart of Houston's Theater District and is within short walking distance to attractions such as Jones Hall, Bayou Place, the Hobby Center for the Performing Arts, Wortham Center and the Alley Theatre. Carlson Capital will be among other prestigious tenants to occupy the building such as Bank of America, KPMG, Mayer Brown LLP, Weil Gotshal, and Simmons & Company International. Designed with stone-clad exterior and dual-pane glass, Bank of America Center perennially earns the EPA's ENERGY STAR, the nationally recognized mark of excellence in energy performance.
John Spafford of PMRG represented the building owner in the transaction. Craig Wilson and Randy Cooper with Cushman Wakefield in Dallas and Angus Hughes and Philip Price in Houston represented Carlson Capital.

About M-M Properties

M-M Properties is a privately held real estate investment firm that seeks to provide exceptional risk-adjusted returns to its investors through superior execution of carefully developed strategies. M-M Properties' senior management have worked together for tenures ranging from 7 to 17 years through several firms; and have deep experience throughout real estate market cycles and multiple project phases including acquisition, disposition, recapitalization, development, and investment management across a broad range of property types and within all major U.S. markets. The company or its principals have engaged in real estate investment activities on behalf of investors, partners or for its own account across a portfolio of assets that has included over 29 million square feet of office projects and almost 17,000 multifamily units with a cumulative transaction volume of approximately .5 billion.

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.