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 27, 2010

PM REALTY GROUP AWARDED LEASING ASSIGNMENT FOR ONE PARK TEN

Steady Growth Continues for Firm with New Assignment

HOUSTON, TX - PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced that it was awarded the leasing assignment for One Park Ten, an eight story, 163,000 square foot, class A office building located in Park Ten Place within the Katy Freeway submarket.
 
Recently acquired by Beacon Investment Properties, of Hallandale Beach, FL and a real estate investment and property development group, One Park Ten is located in the heart of the Energy Corridor and minutes away from Katy, the campuses of Shell, Conoco, Exxon Chemical, and BP, numerous restaurants, Memorial City Mall and Town and Country boutique shopping. The property features on-site professional management, card-key access, 24/7 guarded security and attached garage parking. Additionally, the building's convenient location allows easy access to I-10, Beltway 8 and Highway 6 and is perfectly positioned as an ideal office location.

"We are excited to continue to expand our relationship and portfolio with Beacon Investment Properties with the recent awarding of One Park Ten, our third leasing assignment within the Beacon portfolio," said Kim Grizzle, vice president of PMRG and lead leasing manager. "We are in the business of achieving aggressive results for our clients."
 
With the addition of One Park Ten, PMRG's central division now leases approximately 475,000 square feet of office space for Beacon Investment Properties. The 4-building portfolio includes 8866 & 8876 Gulf Freeway located off I-45 in the Gulf Freeway/ Pasadena submarket, and Timberway II, located at 15995 N. Barkers Landing in Houston's Energy Corridor submarket.
 
"Our growing leasing portfolio in Houston illustrates the core of PM Realty Group's operating strategy-to grow 'with' our clients and provide them with specialized services every step of the way," said Wade Bowlin, executive vice president and managing director with PMRG. "Relationships are critical in a soft market and as our portfolio continues to grow, we continue to produce consistent results for our clients."

For leasing information contact Kim Grizzle, vice president, kgrizzle@pmrg.com (281) 265-9287 or Mike Martin, vice president, mrmartin@pmrg.com (713) 209-5710 of PM Realty Group. Visit www.beaconportfolio.com to view details on the properties.

About Beacon Investment Properties

About Beacon Investment Properties Beacon Investment Properties LLC is based in Hallandale Beach, Florida with an additional office in Houston, Texas. The company engages in the investment and development of real estate properties in Florida and Texas. It sells and leases commercial properties, including industrial warehouses, office and medical buildings, and retail and rental apartment buildings. Beacon Investment Properties is committed to achieving excellence in its performance in order to accomplish success. For additional information, go to www.beaconri.com, or visit Houston office at 1717 St. James Place.

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.