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NEWPORT BEACH, CA-PM Realty Group has landed 371,627 sf in new property and construction management assignments for WCB Properties, including office and retail space in Chatsworth, Tustin and Newport Beach. The 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.

With these new assignments, PMRG now manages WCB’s entire ProLogis portfolio acquisition. The three new assignments are the Chatsworth Business Center, the Pacificenter Tustin and Commercenter Newport. John Rowen, SVP for PM Realty Group, will oversee the property and construction management teams for the portfolio.

Chatsworth Business Center is a four-building, 214,238-sf business park on an 11.33-acre site on Oakdale Avenue near the Northridge Fashion Center. The park is more than 80% leased, with major tenants such as 101 Communications, Washington Mutual Bank and Reynolds & Reynolds.

Pacificenter Tustin is a 109,363-sf project on nearly eight acres just south of the Tustin Hospital Medical Center in Tustin. The project is 100% leased, with major tenants including Terumo Cardiovascular Systems Corp. and Micro Center.

Commercenter Newport is a 48,026-sf project on a site of nearly three acres off the SR-73 freeway, between Campus Drive and Jamboree Road in Newport Beach. The site includes 3990 and 4000 Westerly Place, two two-story office buildings totaling 23,991 sf and 24,035 sf respectively. The project is 100% leased to tenants including United Auto Credit Corp., Friedmann & Friedmann Insurance Inc. and Express Capital Lending.

The three new assignments for WCB Properties follow PM Realty’s assignment in August for property and construction management at WCB’s other ProLogis portfolio acquisitions, PacifiCenter Anaheim and Westgate Center. The former is a four-building, 137,856-sf office and retail complex located in Anaheim, while Westgate Center is a 62,057-sf, two-story office building in Corona, in the western portion of the Inland Empire.

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.

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