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 28, 2011

PM REALTY GROUP ANNOUNCES LAUNCH AND GROUNDBREAKING OF MCKINNEY MEDICAL PLAZA

PMRG Launches Medical Office Development in Response to Growing DFW Healthcare Demand

DALLAS, TX - PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced the launch and groundbreaking of McKinney Medical Plaza, a three-building, 21,617 square foot medical office complex located on Virginia Parkway near the intersection of Ridge Road in the thriving community of McKinney, Texas.

Located within a five mile radius of five different hospitals, McKinney Medical Plaza is well positioned to accommodate the ever-changing medical office needs of these prestigious medical centers and their physicians.

"PMRG is a recognized leader in medical office development; having identified early opportunities in growing cities such as Sherman/Denison, Forney, Rowlett, Rockwall, and now McKinney," said Glen Perkins, Executive Vice President and Managing Director. "Our newest location scores better than 94.55% of the national markets for medical growth and patient affluence. McKinney's patient base is projected to grow 14.4% with the county expanding at a rate of 21.1%.  Our centralized location provides high visibility and convenient access to the best medical care in the area."  

McKinney has seen a 235% jump in population from its 1990 Census Bureau count of 54,369 and had the fastest growth rate in the nation during 2000-2008.  This explosive growth is expected to continue and result in a sizeable gap between the demand for quality care and the number of providers available to service those demands. The service area for this project offers existing and new medical practices the ability to capture new patients for both primary care and specialty practices.  With a recent study by Inovar Research indicating a shortage of physicians already exists in this sub-market, McKinney Medical Plaza offers a tangible benefit to both physicians and patients alike. 

Located in a northern suburb of Dallas, McKinney's population of nearly 128,000 is one of the fastest-growing cities in America and was recently recognized by Money Magazine as 5th on their list of the Best Places to live in the country.

McKinney Medical Plaza's launch follows the recent completion of the 120,000 square foot Texoma Medical Plaza, another in a series of successful PMRG medical developments. For more information about McKinney Medical Plaza, please visit www.MckinneyMOB.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.