PMRG Acquires One Hanover Park

DALLAS–PM Realty Group (PMRG) has acquired One Hanover Park, an eight-story, 195,894-square-foot class A office building located in North Dallas. CBRE’s Eric Mackey, Gary Carr, John Alvarado and Robert Hill arranged the transaction on behalf of the sellers, a partnership between Cawley Partners and Stockbridge Capital.

“One Hanover fits our strategy of buying A-quality properties with value-add returns in markets where PMRG has extensive operating experience,” John Dailey, executive vice president of investments at PMRG, told GlobeSt.com. “The Dallas/Fort Worth metroplex office market will continue to show improvement as companies are attracted to the business-friendly environment with relatively lower business costs and a well-educated labor force.”