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

Oct 7, 2016

PMRG COMPLETES LEASE EXPANSION WITH UT SOUTHERN MEDICAL CENTER

LAS COLINAS, TX – PMRG, a nationally recognized, full-service commercial real estate firm, today announced that it has executed a six suite, 12,030 square foot lease expansion with UT Southwestern Medical Center (“UTSW”) on behalf of Tuscan Medical Properties, LLC at Tuscan Professional Building located at 701 Tuscan Drive, Irving, TX.  

The expansion will bring the two-story, 53,000 square foot, Class A medical office building’s occupancy to 100 percent.  Stephen Lawson, UTSW’s Director of Real Estate Services, represented the tenant in the negotiations and Pam Perkins, Vice President and Director of PMRG’s Healthcare Group, represented the landlord in the transaction.

 “UTSW is a valued tenant at Tuscan Professional Building and we are pleased the medical center has chosen to grow within this quality asset,” said Perkins. “UT Southwestern, along with the other highly respected tenants within the property, will all benefit from the synergy this expansion will create.”

PMRG developed the Tuscan Professional Building in Las Colinas in 2004, as a build-to-suit project for a group of private physician owners.  PMRG continues to provide both management and leasing services for the building’s current ownership. 

 “This provides a fantastic platform for UTSW to deliver high quality medical services for the Irving/Las Colinas community in a professional, efficient and collaborative environment. This transaction will allow them to expand their existing Ob/Gyn services, as well as offer new Imaging, Orthopedic and other specialty services,” said Perkins.

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.