Newmark Smith Mack (NewmarkSM) is pleased to announce the expansion of ReSearch Pharmaceutical Services, Inc. (RPS) into 21,350 square feet at 500 Virginia Drive in Fort Washington, Pennsylvania.
“RPS required immediate space for approximately 100 employees to service a new contract. Newmark Smith Mack was able to locate a block of space within a close proximity to their corporate headquarters that was large enough to accommodate their employees,” said Bill Finnegan, Senior Director of Newmark Smith Mack. “Both the landlord and tenant worked diligently to complete this transaction within 60 days of inspection. RPS is one of the few companies in Fort Washington currently experiencing rapid growth. We were able to negotiate a very attractive rental rate as well as rent concessions that added long term value to their real estate strategy.”
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. RPS 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, Justin Bell & Neil Shupak of Newmark Smith Mack represented the tenant ReSearch Pharmaceutical Services, Inc. Jerry McGarry also of NewmarkSM provided project management services to RPS.
About Newmark Smith Mack
Newmark Smith Mack is a regional commercial real estate firm with offices in Center City Philadelphia, Suburban Philadelphia, Wilmington, Delaware and Southern New Jersey. Since its inception in 1984, Newmark Smith Mack has secured a leading position in the Delaware Valley’s commercial real estate market. With multi-disciplined competency in Tenant Representation, Corporate Real Estate Services, Property Management, Investment Sales & Mortgage Finance, and Owner Representation, Newmark Smith Mack discovers, develops, and implements full service solutions for your commercial real estate needs. For complete information on Newmark Smith Mack, visit us at www.NewmarkKFSM.com.
About Newmark
Newmark is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank operate from over 200 offices in established and emerging property markets on six continents. Last year, transactions were valued at more than $32 billion with annual revenues of over $811 million. With a combined staff of more than 6,300, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.