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

Jan 31, 2007

PM REALTY GROUP BREAKS GROUND ON MEDICAL OFFICE BUILDING IN ROWLETT, TEXAS

ROWLETT, TX - PM Realty Group (PMRG), a national, full-service commercial real estate firm, has begun construction on Lake Pointe Medical Arts, which will be the largest medical office building in Rowlett, Texas. Designed by McCalla Rios, this two-story 52,000-square-foot facility is being constructed by C.F. Jordan on Lakeview Parkway just east of Chiesa Road. 

The building is currently 60 percent pre-leased. Lake Pointe Medical Arts is the lead tenant in the project and will be opening the Lake Pointe Wound Care Center, which will provide comprehensive wound care treatment including hyperbaric oxygen chambers, and the Lake Pointe Sleep Lab. Also opening in the project is the Rowlett Regional Cancer Center, providing radiation cancer treatment. The project is slated for completion in July 2007. 

"After our success with PM Realty Group in Rockwall, Texas, we were pleased to have the opportunity to be involved with them again," said Carolyn Jackson, chief executive officer of Lake Pointe Medical Arts. "This project goes a long way toward Lake Pointe Medical Art's goal of providing a wide array of medical services to the Rockwall, Rowlett and surrounding communities." 

City of Rowlett Mayor C. Shane Johnson echoes Jackson's comments. 

"Rowlett is one of the most dynamic communities in North Texas, and serving our residents is our top priority," he said. "Having this fantastic new medical facility in our backyard allows our residents to remain in the area for all of their healthcare needs."  

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.