HOUSTON - PM Realty Group (PMRG), a national, full-service commercial real estate firm, has been selected to provide leasing and property management services for Reliant Energy Plaza, one of the most recently constructed office buildings in downtown Houston.
The 837,000-square-foot, class A building is located at 1000 Main St. and was developed in 2003. The Frankfurt-based, German investment company, Kan Am Grund Kapitalanlagegesellschaft mbH, acquired the building in late 2005 on behalf of the KanAm grundinvest Fonds. Kan Am Grund is advised by WestWind Capital Partners of Atlanta.
"This is a premier project and we are very pleased to add Reliant Energy Plaza to our growing Houston portfolio of over 30 million square feet of property under management," said Wade Bowlin, executive vice president and managing director for PMRG.
Bowlin and John Spafford, senior vice president and director of leasing for PMRG's Houston division, will handle leasing for the project.
Rick V. Kirk, president and chief executive officer of PMRG said, "PM Realty Group is proud to be associated with one of the most prestigious buildings in the central business district as well as the opportunity to work with WestWind Capital Partners and Kan Am Grund Kapitalanlagegesellschaft mbH."
Reliant Energy Plaza is currently 94 percent occupied with only a few office spaces and restaurant/retail spaces available. In addition to Reliant Energy, tenants include the law firm Porter & Hedges, Marsh & McLennan, Mercer Human Resources and UBS Securities.
Profile of KanAm Grund Kapitalanlagegesellschaft mbH
In November 2001, KanAm Grund Kapitalanlagegesellschaft mbH launched its first open-ended real estate fund, KanAm grundinvest Fonds. Out of the universe of open-ended real estate funds in Germany it was voted Fund of the Year by investment magazine "€uro" for each of the years 2002, 2003 and 2004 delivering the best performance to its investors. The fund's equity volume is above 2.6 billion Euros and invested in major European and U.S. 24-hour cities. Additionally, as the first open-ended real estate fund denominated in U.S. dollars to be authorized in Germany, the KanAm US-grundinvest Fonds, was launched in May 2003 and has an equity volume of about 8 million. KanAm Grund's U.S. portfolio (for both the KanAm grundinvest and KanAm US-grundinvest Fonds) is composed of 10 trophy-quality office real estate and two regional mall assets in top markets across the U.S.
About WestWind Capital Partners
WestWind Capital Partners is a privately held real estate investment firm that specializes in acquiring, financing and asset managing Class-A office and retail properties in primary North American markets. WestWind Capital Partners provides real estate investment advisory services to institutional and private foreign investors including the KanAm Group, a leading manager of German open-end and closed-end funds. Since 2000, WestWind has acquired on behalf of its investors in excess of billion of real estate investments comprising in excess of 12 million square feet. WestWind Capital Partners ( www.westwindcapitalpartners.com ) is based in Atlanta.
About PM Realty Group
Headquartered in Houston, Texas, PM Realty Group (PMRG) is one of the nation’s leading real estate companies focusing on comprehensive property services, development and acquisitions. With a strategic presence in 30 markets, PMRG provides the highest quality services to its clients and investors. PMRG’s clients and investors include large financial institutions, advisors and high net worth individuals. By capitalizing on the team’s experience and expertise, PMRG has the ability to undertake large and challenging management, leasing, development and acquisition projects.
PMRG’s portfolio, including projects managed for third parties, includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.
Our goal is to generate exceptional returns for our clients and investors by focusing on real estate fundamentals. For additional information, visit www.pmrg.com