Friday, July 1, 2011

25,000 + Square Foot Office Space Expansion for RPS

"The Landlord, Commonwealth Real Estate Investment Trust in the expanded Research Pharmaceutical Services' space at 475 Virginia Drive in Fort Washington, PA.

Research Pharmaceutical Services (RPS) occupies the entire 2nd floor at 475 Virginia Drive which totals 25,517 square feet of office space. RPS moved into the space in December 2010 and due to substantial company growth, they required additional space. At the beginning of May 2011, RPS signed a long-term lease agreement for the entire 3rd floor of the building (25,517 square feet), giving them a total of 51,034 square feet within the Class "A" office building.

This transaction brings the building up to just over 90% occupied."

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