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

Jul 5, 2011

PM REALTY GROUP AND THE STEVE MILLER COMPANY CLOSE $6 MILLION IN LEASES

INGLEWOOD, CA - PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced the company has co-brokered with the Steve Miller Company, a lease agreement for almost 30,000 square feet of medical office space with Didi Hirsch Community Mental Health Center at Freeman Medical Towers in Inglewood, California.   Miller and PMRG represented the landlord, Grabel Financial & Linton Financial, in the transaction that totaled over $6 million in consideration.

Freeman Medical Towers is a 70,000 square foot medical office building located at 323 Prairie Avenue in Inglewood, California and is adjacent to the recently closed Freeman Medical Center Hospital.  "When Freeman closed a couple of years ago, we had to convert the building from an on-campus MOB to an off-campus MOB.  We targeted large medical users in the area and Didi Hirsch fit the bill," said Mark Mattis, Senior Vice President of PM Realty Group in Los Angeles. 

Didi Hirsch provides quality mental health and substance abuse services in communities throughout California.  The 80-year old company now assists over 70,000 individuals and families each year at ten sites and a variety of school-based programs throughout Los Angeles County.  Craig Jablin, Corporate Managing Director of Studley represented Didi Hirsch.

"We are pleased to have such a quality anchor tenant moving into the property; they provide sought-after critical care to the community," reported Steve Miller.  "Construction of the tenant improvements is underway and Didi Hirsh is expected to relocate from their current offices in August."

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.