Firm's Central Division Increases Presence with New Assignment
DALLAS, TX - (PMRG), a national, full-service commercial real estate firm, today announced that it was awarded the leasing and management assignment for Promenade Center
, a 221,404 square foot, mixed-use development located at 300 N. Coit Road in the Richardson/Plano submarket.
Owned by The ROC Fund
, a dynamic private equity firm with a strong foundation in the commercial and residential real estate industry and new client for PMRG, Promenade Center includes 89,000 square feet of retail space located in the mixed-use development. Notable tenants include BBVA Compass, Geotrace Technologies, Tristar Energy and Nerve Software.
"We are honored to be working with ROC Fund on Promenade Center and know this is a unique opportunity to work with both the owner and our retail experts, The John Bowles Company
, to revive and rebrand a great mixed-use project," said Ben Appleby, vice president of leasing, for PMRG's Dallas office. "ROC's commitment to upgrade and improve the project will prove to be a great benefit to the Tenants of Promenade and to the surrounding area."
"Under new ownership and through our combined marketing with PMRG, Promenade Center and The Shops at Promenade will prove to be a vibrant and successful property for years to come. The quality of the project, in addition to ownerships commitment to upgrade and improve the property, will be a large driver for a successful lease-up from a retail standpoint as well," said Taylor LeMaster, associate vice president, of The John Bowles Company.
PMRG's Nathan Durham, senior vice president, and Ben Appleby, vice president, of PMRG, will lead the office leasing and management efforts at Promenade Center. Taylor LeMaster, associate vice president, and Mike Cagle, executive vice president, of The John Bowles Company, will lead the retail leasing efforts at Promenade Center.
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