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

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters