IRVINE, CA - Officials with PM Realty Group (PMRG), a nationwide, full-service commercial real estate firm, today announced the company has assisted ClinPhone in renewing and expanding its lease in Orange County, Calif.
A clinical technology company, ClinPhone will occupy 22,000 square feet under a new 5-year lease. ClinPhone recently acquired DataLabs, which previously occupied 10,200 square feet of space in 101 Academy Drive within University Research Park, a 185-acre complex located in Irvine, Calif. With the ClinPhone expansion, the building at 101 Academy Drive is now 100 percent leased. University Research Park's reputation as a regional advanced technology center has attracted technology-based tenants, such as America Online, Cisco Systems and Skyworks.
ClinPhone delivers innovative technologies that streamline the clinical trials process for the pharmaceutical industry. Based in the United Kingdom, the company plans to double the size of its California office, creating the need for additional space.
About PM Realty Group
Headquartered in Houston, Texas, PM Realty Group (PMRG) is one of the nation’s leading real estate companies focusing on comprehensive property services, development and acquisitions. With a strategic presence in 30 markets, PMRG provides the highest quality services to its clients and investors. PMRG’s clients and investors include large financial institutions, advisors and high net worth individuals. By capitalizing on the team’s experience and expertise, PMRG has the ability to undertake large and challenging management, leasing, development and acquisition projects.
PMRG’s portfolio, including projects managed for third parties, includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.
Our goal is to generate exceptional returns for our clients and investors by focusing on real estate fundamentals. For additional information, visit www.pmrg.com