PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Kristen Burney
PMRG | PM Realty Group
(713) 209-5910
kburney@pmrg.com

FOR IMMEDIATE RELEASE

May 16, 2006

PM REALTY GROUP TO LEASE 70,000 SQUARE FEET OF MEDICAL OFFICE SPACE IN ALLEN, TEXAS

DALLAS - PM Realty Group (PMRG), a national, full-service commercial real estate firm, was recently selected to provide leasing services for 70,000 square feet of medical office space in Allen, Texas. The assignment further cements PMRG's growing status as leasing specialists in the medical field. 

Twin Creek Medical Center I and II are each two-story, 35,000-square-foot medical office buildings located at 1111 and 1103 Raintree Circle, respectively. The buildings are strategically located next to the new Presbyterian Hospital of Allen. 

JaRyCo Development, a first-time PMRG client, awarded the leasing contract to PMRG on Apr. 1. The contract went into effect immediately. 

Ed Schnieders, vice president at PMRG, and Bernard Deaton, executive vice president/managing director of PMRG's central division, will be jointly in charge of leasing. Twin Creek Medical Center I is 100 percent leased. Schnieders and Deaton will concentrate on leasing Twin Creek Medical Center II, which is currently five percent occupied.
 
Pending the success of leasing efforts for Twin Creek Medical Center II, JaRyCo Development will begin construction on a third medical office facility on the same plot of land.   

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.