Newmark Knight Frank Smith Mack Announces the Expansion of Research Pharmaceutical Services into 21,350 SF in Ft. Washington, PA

Newmark Knight Frank Smith Mack (01/14/2010) - Wayne, PA -January 13, 2010- Newmark Knight Frank Smith Mack (NKFSM) is pleased to announce the expansion of ReSearch Pharmaceutical Services, Inc. (RPS) into 21,350 SF at 500 Virginia Drive in Fort Washington, Pennsylvania.

"RPS required immediate space for approximately 100 employees to service a new contract. Newmark Knight Frank 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 Knight Frank 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."

Bill Finnegan, Justin Bell & Neil Shupak of Newmark Knight Frank Smith Mack represented the tenant ReSearch Pharmaceutical Services, Inc. Jerry McGarry also of NKFSM provided project management services to RPS.

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