- PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced that it was awarded the property management and leasing assignment for Powers Ferry Landing East, a KBS Capital Advisors (KBS) owned commercial office complex. The trio of six-story office buildings total approximately 400,000 square feet and are located along Interstate 285 at Northside Drive in Sandy Springs, which is considered one of the city's most desirable office locations.
PMRG's leasing team consists of Bill Weghorst, Dean Giordano and Zach Wooten, who bring more than 40 years of combined experience to the project. "Our engagement at Powers Ferry Landing is very exciting and creates another unique opportunity to add value for KBS in Atlanta," said Bill Weghorst, Executive Vice President and Director of Leasing within PMRG's Southeast Region. "The development's attractive location, combined with our leasing teams' turnaround experience with this type of project, presents a great opportunity for both KBS and PMRG."
It is KBS's objective to completely transform this well-located project into a modern office park to meet the changing needs of corporate America. Once renovated, the office park will offer a 5/1,000 RSF parking ratio, on-site conference center with video conferencing capability, two restaurants, a fitness center along with on-site property management. The office park has easy access to not only numerous restaurants, banking, and hotels, but is also conveniently located near the Chattahoochee river park with over 15 miles of walking and biking trails.About KBS Capital Advisors
KBS Capital Advisors is an affiliate of KBS Realty Advisors, a private equity real estate company and SEC-registered investment advisor founded in 1992. Since its inception, KBS Realty Advisors and its affiliated companies have completed transactional activity of approximately $25 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and five non-traded REITs. For information, visit www.kbscapital.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