Mar 1, 2013
PM REALTY GROUP AWARDED LEASING AND PROPERTY MANAGEMENT FOR WELLS REAL ESTATE FUNDS' DALLAS PORTFOLIO
DALLAS, TX - PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, announces it has been selected to perform leasing and property management services for Wells Real Estate Fund's Royal Ridge V and Duke Bridges I and II; three Class A buildings totaling 403,890 square feet.
Located at 3929 West John Carpenter Freeway, Royal Ridge V is conveniently located just five minutes east of the Dallas / Fort Worth International Airport and features a two-level atrium lobby finished with marble and granite tile. Constructed in 2005, the property, which sits on 7½ acres, includes a data center, four emergency generators and an uninterrupted power supply system.
Benefitting from its strategic location off Warren Parkway and the Dallas North Tollway in Frisco, Texas, Duke Bridges I and II provides tenants excellent access to highway infrastructure including State Highway 121, Dallas North Tollway, and George Bush Turnpike (SH-190). Within a five-minute drive of Duke Bridges I and II are some of the area's newest regional malls, Stonebriar Centre, The Shops at Willow Bend, The Shops at Legacy as well as the prestigious Stonebriar Country Club, Westin Resort and Hotel, numerous high-end single-family and multi-family communities and Dr Pepper Ballpark, home of the Class AA Frisco Roughriders.
"We're extremely pleased to partner with Wells Real Estate Funds on these three assets and to further develop our long-standing relationship," said Kurt Cherry, Executive Vice President, within PMRG's Dallas office. "Royal Ridge V and Duke Bridges I and II are part of our expanding presence in the Dallas-Fort Worth area and are great additions to our portfolio of quality office buildings in high-growth areas."
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.