FOR IMMEDIATE RELEASE
Contact: Media Relations
Telephone: (305) 379-7500
Parmenter Sells Warren Place I & II To Rosemont Realty
TULSA, OK — Parmenter Realty Partners announced today the sale of their Tulsa office complex,
Warren Place I & II. The 960,000-square-feet, two-building, Class A, office project and the asset’s
development site sold yesterday to Rosemont Realty LLC for an undisclosed amount.
Parmenter purchased the property in 2005 as part of its closed-end Parmenter Realty Fund II Fund when
the buildings had an occupancy rate of approximately 70%. Over the course of Parmenter’s ownership
and management of the asset, historic occupancy increased to 90%. The firm cited its value-add strategy
for the asset’s improved state.
Andrew Weiss, Managing Director and COO for the firm, commented, “Warren I & II is a premier asset
and was a solid performer in the Parmenter Fund II portfolio. We were able to increase occupancy in the
office project over the course of the last few years while generating rental rates appropriate to the Class A
offices’ amenities and location. By embarking on an aggressive leasing program and reducing operating
costs during the recession we were able to add value, attract the right tenants, and achieve the rental rates
that make this a truly successful project for our portfolio and our partner investors.”
About Parmenter Realty Partners
Parmenter Realty Partners is a commercial real estate investment, management, and development
company. Parmenter operates a series of institutional investment funds focused on the Southern Tier and
Mid-Atlantic regions of the US and is actively involved in the expansion of its portfolio in the regions’
major markets. Headquartered in South Florida, Parmenter also operates regional offices in Dallas,
Atlanta, and the DC Metro Area. Parmenter’s investment strategy utilizes its vertically-integrated
platform to increase value on behalf of its investors.
About Rosemont Realty LLC
Headquartered in Santa Fe, New Mexico, Rosemont Realty is a market leader in commercial property
acquisition and asset management. Rosemont Realty has eight regional offices in Albuquerque, Atlanta,
Dallas, Denver, Houston, New York, San Antonio and Washington D.C.
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For more information on this topic please contact Parmenter Media Relations by calling (305) 379-7500 or via e-mail at MediaRelations@parmco.com.