Newmark 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 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 Smith Mack represented the tenant ReSearch Pharmaceutical Services, Inc. Jerry McGarry also of Newmark Smith Mack provided project management services to RPS.
About Newmark Smith Mack
Newmark Smith Mack (NewmarkSM) is a partner with one of the largest independent real estate service firms in the world, operating from over 200 offices in established and emerging property markets on six continents. Our local presence in Center City Philadelphia, Suburban Philadelphia, Wilmington, Delaware and Southern New Jersey, has secured us a leading position in the Greater Philadelphia region’s commercial real estate market for over 26 years through our commitment to service excellence. With multi-disciplined competency in Tenant Brokerage, Ownership Representation, Investment Sales, Corporate Advisory Services, Property Management, Market Research and Lease Administration, NewmarkSM discovers, develops, and implements full service solutions. 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 complete information on NewmarkSM, visit 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 220 offices in established and emerging property markets on six continents. With a combined staff of 7,300 and revenues last year exceeding $861 million, 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.