Wednesday, March 7, 2012

Theorem Clinical Research, Inc leases 29,000SF and stays in King of Prussia

"Taylor Young of Beacon Commercial Real Estate, LLC is pleased to announce that he has represented Theorem Clinical Research, Inc, in their negotiations of a long-term lease for their new corporate headquarters at Valley Forge Park Place, 1016 W Ninth Street, King of Prussia, Pennsylvania.They will initially occupy approx 29,000 square feet on the first and third floors of the 78,000 square foot office building.

Theorem Clinical Research is one of the industry’s leading full-service, contract research organizations (CRO). Before launching in 2011, Theorem Clinical Research operated for nearly two decades as Omnicare Clinical Research under the Omnicare Inc. parent company. A global organization with 1,000+ employees located throughout 27 countries, Theorem Clinical Research provides core CRO services for Phases I-IV, but with niche business units in the areas of technical services, medical devices and pharmaceutics with speed, flexibility and attention to detail to drive a high-quality performance.

“We were really able to help leverage our client and capitalize off a recovering office market that is still offering many concessions for sought after companies like Theorem”, commented Young. “Presently, their existing office is very compartmentalized. Their new office will promote an open office environment that will foster collaboration and at the same time provide room for much anticipated growth.

Theorem will move into their new offices on August 1, 2012. They will be moving from their current location at 630 Allendale Road, King of Prussia, Pennsylvania.

The Landlord is Keystone Property Group.

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