PM REALTY GROUP IS AWARDED LEASING ASSIGNMENT FOR CLASS A OFFICE BUILDING IN ALPHARETTA, GEORGIA

ATLANTA – PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced that it has been awarded the leasing assignment for Preston Ridge II on behalf of the ownership, Westdale Real Estate & Asset Management.  Preston Ridge II is a Class A, 150,000-square-foot office building located at 3480 Preston Ridge Road in Alpharetta, Georgia. PMRG's Chip Roach and Stephen Clifton are handling the leasing.

"Preston Ridge is one of North Atlanta's premier office buildings in the heart of the region's best residential, retail and corporate environments," said Bill Weghorst, Executive Vice President and Director of Leasing within PMRG's Southeast Region Division.  "The building is ideal for companies looking for Class A space in North Fulton."

Preston Ridge II is centrally located in North Atlanta's strong performing North Fulton office submarket with convenient access to the newly improved Old Milton Parkway and Georgia 400.  The building is 87.9% percent leased to several high profile tenants including Medquest Associates, iStar Financial, and Argo Group.  Preston Ridge II is just minutes from retail, dining and hospital amenities including the new Avalon mixed-use development and North Point Mall.

Weghorst went on to say that "Atlanta’s office market fundamentals continue to steadily improve with 15 consecutive quarters of positive absorption, recording just over 8.2 million sq. ft. of occupancy gains since the end of the Great Recession."

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.