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

Sep 16, 2014

PMRG SELLS THE LAST OF SHEA PROPERTIES’ ALISO VIEJO TOWN CENTER BUILDINGS

ORANGE COUNTY, Calif. (Orange) – PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced that Tim Joyce, Senior Vice President of PM Realty Group, and Gary Allen and Doug Matthews of Newmark Grubb Knight Frank represented Shea Properties in the sale of two buildings, 26940 Aliso Viejo Parkway and 26970 Aliso Viejo Parkway. 

The building located at 26940 Aliso Viejo Parkway, was sold to Roosevelt Capital Partnership for $6,751,154 or $199 per square foot.  The second building, 26970 Aliso Viejo Parkway, was sold to AVM Investment Group for $7,176,395 at a price of $185 per square foot.  PM Realty Group and Newmark Grubb Knight Frank co-brokered both deals representing both the buyers and the sellers in these transactions.  

 “With the sale of these two buildings, Shea Properties has completed the disposition of their remaining holdings at Aliso Viejo Town Center,” said Joyce who has been representing Shea Properties in both leasing and sales transactions for nearly 20 years. 

Both 26940 and 26970 Aliso Viejo Parkway are freestanding two story office buildings that are surface parked in the Aliso Viejo Town Center.  This project is conveniently located near the 73 Freeway, John Wayne Airport, and in close proximity to a variety of dining restaurants.  Both buildings have spaces available to lease. The Roosevelt Capital Partnership will rebrand their property and build out creative office space in its vacant units to set itself apart from the more traditional build out at the center.   

For leasing information, contact Tim Joyce at 949-390-5525 (Tjoyce@pmrg.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.