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

Dec 8, 2016

PMRG INKS 100,000 SF HEADQUARTERS RELOCATION LEASE

HOUSTON, TX - PMRG a nationally recognized, full-service commercial real estate firm, today announced that it has secured a new lease for approximately 100,000 square feet with Neighbors Health, LLC at Richmond Park Westchase located at 10800 Richmond Ave. 

Houston-based Neighbors Health, LLC has relocated its existing corporate headquarters and centralized local operations to Richmond Park Westchase, a five-story, 98,088 square foot office building operated by Zenith Real Estate Group. Zenith and Neighbors worked together to renovate the property which includes the tenant’s own design features. Some of the updates include a lobby renovation, an employee gym and a training area designed to simulate one of the Neighbors Emergency Centers.

“Over the last couple of years, Zenith has taken a systematic approach to improving their real estate holdings. That commitment has proven to create a significant advantage in today’s marketplace, despite the overall downturn that is being seen across the city during the same time span,” says PMRG Vice President Michael Sieger. 

”Transactions such as the Neighbors deal show that large users are looking for quality and value in today’s marketplace,” says PMRG Vice President Marci Phillips.

PMRG has represented Zenith in the signing of 24 new leases totaling over 230,000 square feet in the Class B, Westchase submarket over the past 24 months.

PMRG’s Michael Sieger and Marci Phillips represented the landlord and Colliers International’s Chadd Bolding, Jay Kyle and Bob Parsley represented the tenant in the transaction.

 

 

About Neighbors Emergency Center

Neighbors Health System operates Neighbors Emergency Center, the industry leader of 24-hour freestanding emergency centers. Neighbors Emergency Center believes in providing the highest quality of personalized ER medical care that is dedicated to making lives better every day, with an unfaltering vision to be The Best Neighbors Ever. This means providing unmatched medical care driven by compassion and respect with a focus on our patients, our culture, and the community.

Neighbors’ 29 locations service many communities, including Houston, Austin, Beaumont, and El Paso, with plans for centers in Rhode Island and Colorado in 2016 and a second Amarillo center in 2017.

 

About Zenith Real Estate Group

Established in 1990, Zenith Real Estate Group is a fully integrated Houston-based company that acquires, operates, manages and selectively sells properties.  The Group, through its associates, has invested in long term assets and interests in commercial real estate projects, including office buildings, apartment complexes and shopping centers.  Zenith Real Estate Group specializes in providing project leasing and management services to tenants primarily in the Woodlands and the Westchase areas of Houston, Texas.

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.