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Leading Medical Developer Announces Plans for Texoma Medical Plaza
Date:8/11/2009

DENISON, Texas, Aug. 11 /PRNewswire/ -- Officials with PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced the development and scheduled delivery date for Texoma Medical Plaza, the newest comprehensive medical complex in the Sherman/Denison area. Located at 5012 South U.S. Highway 75, its location on this main south/north thoroughfare conveniently allows it to serve Sherman/Denison and neighboring communities in Grayson County.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090811/DA60036-a)

(Photo: http://www.newscom.com/cgi-bin/prnh/20090811/DA60036-b)

Texoma Medical Plaza offers 120,000 square-feet of high end on-campus medical space and presents an institutional quality experience for both physicians and their patients. Texoma Medical Plaza will be the medical office home to physicians from a variety of specialties and is adjacent to the newly constructed Texoma Medical Center.

The building is being marketed to single physician practices and multi-physician groups and is approximately 41% leased with executed letters of intent representing an additional 40%. The multi-story building will feature large floor plates of approximately 40,000 square feet.

"I believe access to quality medical facilities and patient care will be accomplished with our investment in the development of Texoma Medical Plaza. The new facility is a perfect complement to the newly developed hospital, Texoma Medical Center," says Glen Perkins, Executive Vice President and Managing Director of PM Realty Group's development team. "Our goal is to enhance patient comfort by creating a welcoming and soothing atmosphere within our Medical Office Building. The utilization of natural lighting combined with warmer color palettes promotes a sense of wellness for patients, as well as offers a pleasant work environment for physicians and their staff. This approach is consistent with our effort to build environmentally sensitive, LEED certified buildings."

"This state-of-the-art medical office building will offer a welcoming and attractive entrance to our new and expanding hospital campus," said Dr. Mackey Watkins, CEO of Texoma Medical Center. "We are excited to see a first-class complement to our first-class hospital."

The Texoma Medical Plaza project is a joint venture sponsored by Universal Health Realty Income Trust ("UHT") and PM Realty Group, LP.

The new Texoma Medical Plaza is slated to open in December 2009 running concurrent with the completion of Texoma Medical Center.

Kyle Libby, Vice President, and Ryan Dale, Leasing Manager, with PM Realty Group represent the landlord in leasing transactions. For leasing information, please contact Kyle Libby at (972) 528-1130, klibby@pmrg.com or Ryan Dale at (972) 528-1123, rdale@pmrg.com.

About PM Realty Group

Headquartered in Houston, PM Realty Group (PMRG) is a privately held real estate firm of more than 1,300 employees and 25 divisional and regional offices that conducts business in every major state.

With more than 50 years of experience, PMRG provides services to a portfolio valued in excess of $25 billion. The firm's diversified client base includes institutional and private investors, real estate investment trusts, government agencies, corporations and healthcare service providers.

PMRG focuses on creating value for its clients and offers a full spectrum of real estate services, including property and facility management, leasing, marketing, investment sales, medical development, construction management and engineering. In addition, PMRG partners with clients in comprehensive development and joint venture investment programs. For additional information, visit www.pmrg.com.


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SOURCE PM Realty Group
Copyright©2009 PR Newswire.
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