PM Realty won the new contract from Wells Real Estate Funds and has named a Manhattan Towers team led by SVP Chris Strickfaden in the company's West Los Angeles office and Mark Mattis, VP of leasing. Strickfaden calls the office space "highly marketable" because of its location and a host of nearby amenities.

Built in 1985, Manhattan Towers is 97% occupied and features floor plates that average 27,000 sf. Its tenant roster includes Northrup Grumman, Vineyard Bank and Beach Business Bank in what Strickfaden describes as one of the top office properties in its submarket.

The Manhattan Towers deal follows PM's recent assignments for 371,627 sf in new property and construction management assignments for WCB Properties, including office and retail space in Chatsworth, Tustin and Newport Beach. Those properties are part of a 571,540-sf, five-property portfolio acquired by Newport Beach-based WCB Properties and UBS Realty Investors LLC from ProLogis in June 2006.

The western division of Houston-based PM Realty Group is headed by EVP and managing director Jim Proehl. The division handles a leasing and management portfolio of more than 25 million sf in 11 states.

NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.