DALLAS, TX - Officials with PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced the company has brokered a lease agreement with Northpoint Surgery Center, a multi-specialty facility, to occupy 11,774 square feet in the Northpoint Medical Arts building in Dallas.
Located at 12606 Greenville Ave., near the LBJ Freeway and Central Expressway, Northpoint Medical Arts is part of a four-building campus nestled inside a park-like setting. The 114,075-square-foot, two-story facility is five minutes from four major hospitals in the Dallas area: Presbyterian Hospital, Baylor Hospital, Richardson Regional Medical Center and Medical City Hospital.
Built in 1980, the medical office building underwent a .5 million renovation in 2007. Northpoint Surgery Center will occupy the building in March 2009 after an extensive build out. Build out plans include two operating rooms and one procedure room with the ability to grow into four operating rooms. Other major tenants in the building include the Northpoint Cancer Center, Northpoint Pediatric Care, UTSW Medical Center Ophthalmology Group and MedicalEdge Healthcare Group.
"We are pleased to welcome this group of established physicians and believe significant synergy will be created among the other practice groups in the project," said Lee Waters, Director of Asset Services for PM Realty Group.
Northpoint is a joint venture between Quorum Equities and PM Realty Group, LP. Kyle Libby with PM Realty represented the landlord in the transaction.
About Quorum Equities Group
Quorum Equities Group LLC is a privately owned, full-service real estate development company headquartered in Dallas. The company owns, develops and manages commercial properties in rapidly growing communities throughout the west, midwest and southern regions of the United States. Quorum's integrated, full-service approach to real estate development and investments is bolstered by its significant expertise structuring complex and large-scale transactions. As a result of focused investment strategies, geographic coverage, development expertise and extensive capital relationships, Quorum is able to source, underwrite and execute development opportunities in a single market or across the country. For more information, visit www.quorumequities.com.
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