PMRG is Going Big

PMRG is growing its presence in DC, according to local EVP Dave Parker (left). After hiring brokers Andy Gilpin and Eddie Trujillio (next to Dave) this summer, the firm is hunting for acquisitions, after starting a $250M fund with Boston-based investment firm Roseview Group. Houston-based PMRG has already acquired an asset down there as part of the fund, and Dave says PMRG is on the lookout in DC, with a concentration on the suburbs. PMRG currently owns one building in the area—Montgomery Executive Center in Gaithersburg—but manages about 1.5M SF here. It's a big owner in Houston, and Dave says buying in DC could serve to affirm PMRG locally "as a respected institutional real estate entity." We snapped Dave, Andy, and Eddie with colleagues Alison Reich and Kim Lim.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

DivcoWest Sells Glendale Office Building For $70M

Hines And Rialto Close Office Credit Fund At $1.1B

Rig Collapse At Citadel HQ Site Sends 4 To Hospital

Northern Virginia Office Tower Sells For Double Its 2024 Price

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

Office Revenues Are Failing To Keep Pace With Expenses

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Stephen Ross Expands Palm Beach Empire With Massive Boca Raton Campus

25 Years After 9/11, Lower Manhattan Is Finally Firing On All Cylinders