SANTA ANA, CA - PM Realty Group (PMRG), a nationwide, full-service commercial real estate firm, has been awarded management of Xerox Centre, a 15-story, Class A office tower in Santa Ana, Calif. The contract is effective immediately.
The 321,836-square-foot high-rise building is located at 1851 East First Street and includes an eight-story parking structure with 1,125 stalls. Newport Beach, Calif.-based WCB Properties purchased Xerox Centre in January 2006.
"In collaboration with WCB, we will be positioning Xerox Centre as a premier workplace environment, not only in Santa Ana, but in all of Orange County," said Jim Proehl, executive vice president/managing director of PMRG's Western division. "We've already brought in Therese Gray, a skilled senior property manager with many years of experience working within Class A environments. Her understanding of the environment needed will ensure we provide superior tenant comfort and satisfaction at this local landmark."
Gray will be supported by assistant property manager Natasha Greene.
PMRG's in-house construction services staff will work with Xerox Centre's existing engineering team, which has been in place for 14 years.
"We've been fortunate to inherit outstanding and dedicated building engineers," Proehl added. "We will work together to maintain PM Realty Group's signature emphasis on operational efficiency and high amenity standards."
"To increase value and create a 'best-in-class' office environment at Xerox Centre, WCB aims to raise the bar in quality, attention to detail and customer service," said Terry Thompson, vice president of acquisitions at WCB Properties. "PM Realty Group understands this objective and will be instrumental in helping us in our overall strategy and positioning of the building. In addition, the company recognizes the importance of teamwork and maintains a strong working relationship with the listing brokerage team at the property."
Xerox Centre is currently 85 percent occupied by such major tenants as Xerox Corporation, Ashland Oil, Hollins & Schecter and Merrill Lynch.
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