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

Jun 4, 2015

PM REALTY GROUP IS AWARDED LEASING ASSIGNMENT FOR CLASS A OFFICE BUILDING IN ALPHARETTA, GEORGIA

ATLANTA – PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced that it has been awarded the leasing assignment for Preston Ridge II on behalf of the ownership, Westdale Real Estate & Asset Management.  Preston Ridge II is a Class A, 150,000-square-foot office building located at 3480 Preston Ridge Road in Alpharetta, Georgia. PMRG's Chip Roach and Stephen Clifton are handling the leasing.

"Preston Ridge is one of North Atlanta's premier office buildings in the heart of the region's best residential, retail and corporate environments," said Bill Weghorst, Executive Vice President and Director of Leasing within PMRG's Southeast Region Division.  "The building is ideal for companies looking for Class A space in North Fulton."

Preston Ridge II is centrally located in North Atlanta's strong performing North Fulton office submarket with convenient access to the newly improved Old Milton Parkway and Georgia 400.  The building is 87.9% percent leased to several high profile tenants including Medquest Associates, iStar Financial, and Argo Group.  Preston Ridge II is just minutes from retail, dining and hospital amenities including the new Avalon mixed-use development and North Point Mall.

Weghorst went on to say that "Atlanta’s office market fundamentals continue to steadily improve with 15 consecutive quarters of positive absorption, recording just over 8.2 million sq. ft. of occupancy gains since the end of the Great Recession."

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.