FOR IMMEDIATE RELEASE
May 15, 2007
PM REALTY GROUP ASSISTS CLINPHONE IN EXPANDING ITS PRESENCE IN SOUTHERN CALIFORNIA
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, PM Realty Group (PMRG) is a privately held real estate firm of more than 1,300 employees and 21 divisional and regional offices that conducts business in every major state.
With more than 50 years of experience, PMRG provides services to a portfolio valued in excess of $30 billion. The firm’s diversified client base includes institutional and private investors, real estate investment trusts, government agencies, corporations and healthcare service providers.
PMRG focuses on creating value for its clients and offers a full spectrum of real estate services, including property and facility management, leasing, marketing, investment sales, construction management and engineering. In addition, PMRG partners with clients in comprehensive development and joint venture investment programs.