Wayne, PA (November 09, 2010): Newmark Knight Frank Smith Mack is pleased to announce a new long-term lease with ReSearch Pharmaceutical Services, Inc. (RPS) for 25,517 square feet at 475 Virginia Drive in Fort Washington, PA.
“Due to significant growth in the company’s business, we were asked to analyze their options and implement a cost effective plan to accommodate their need for additional office space in Fort Washington. The expansion space had to be within close proximity of their headquarters in Fort Washington and provide sufficient parking to accommodate up to 200 employees,” said Bill Finnegan, Senior Director of Newmark Knight Frank Smith Mack. “We swiftly negotiated a deal with the landlord HUB Properties Trust. Everyone worked diligently to execute a lease within 120 days of walking through the front door at 475 Virginia Drive.”
ReSearch Pharmaceutical Services, Inc. offers integrated clinical development solutions and enhanced full service solutions that raise the bar with respect to increasing the quality and speed of drug, device and diagnostics development, enabling new life-changing therapeutics to reach the market better, faster and less expensively. ReSearch Pharmaceutical Services is dedicated to providing the biopharmaceutical industry with an alternative to traditional outsourcing models by offering customized, integrated solutions that address the fundamental industry challenges.
Bill Finnegan and Justin Bell of Newmark Knight Frank Smith Mack represented the tenant ReSearch Pharmaceutical Services, Inc. Jerry McGarry also of Newmark Knight Frank Smith Mack provided project management services to RPS.