eResearch Technology, Inc. Signs a New Headquarters Lease in Philadelphia, PA.

Philadelphia, PA -  GVA Smith Mack is pleased to announce the signing of a new corporate headquarters lease with eResearch Technology, Inc., at 1818 Market Street in downtown Philadelphia. eResearch will occupy 59,395 SF on three floors.

eResearch was in search of new location in center city Philadelphia over the past year and selected 1818 Market Street for its unique combination of location, amenities and features like on-site parking, restaurants, bank, and its lower level space that is ideal for eResearch Technology's fulfillment business. "Our continued growth required that we relocate to a larger, more adaptable facility that will accommodate our current needs and allow room for future expansion," said Michael McKelvey, President and Chief Executive Officer of eResearch Technology, Inc. "Our relocation will allow us to remain in the center city Philadelphia area within close proximity to its fine academic institutions and the local healthcare environment, both of which are key to the continued success of our business."

"1818 Market is pleased to have a company of eResearch Technology, Inc.'s caliber join the 1818 Market Street business community, says Jim Mullarkey, Partner of GVA Smith Mack. "GVA Smith Mack is committed to being a premier commercial real estate services firm dedicated to innovative client solutions."

Home to many of Philadelphia's top corporate tenants, 1818 Market Street boasts a prime center city location with extensive tenant amenities and stunning renovations that have ranked it among the city's leading office buildings. The 37-story Class A office tower's central location is enhanced by superb views of the city and beyond.

Jeff Mack and Bill Finnegan of GVA Smith Mack's Wayne office represented the tenant eResearch Technology, Inc. & Jim Mullarkey of GVA Smith Mack's Philadelphia office represented Grubb & Ellis Realty Investors, LLC, owner sponsor of the property, as the exclusive leasing agent of the property.

eResearch Technology, Inc. is a provider of technology and services to the pharmaceutical, biotechnology and medical device industries on a global basis. The Company is a market leader in providing centralized core-diagnostic electrocardiographic (ECG) technology and services to evaluate cardiac safety in clinical development. The Company is also a leader in providing technology and services to streamline the clinical trials process by enabling its customers to automate the collection, analysis, and distribution of clinical data in all phases of clinical development.

GVA Smith Mack is a regional commercial real estate firm with offices in Center City Philadelphia, Suburban Philadelphia, Wilmington, Delaware and Southern New Jersey. Since its inception in 1984, GVA Smith Mack has secured a leading position in the Delaware Valley's commercial real estate market. With multi-disciplined competency in Tenant Representation, Corporate Real Estate Services, Property Management, Investment Sales & Mortgage Finance and Owner Representation, GVA Smith Mack discovers, develops, and implements full service solutions for your commercial real estate needs.

Media Contact:
Marlene Sahms
Director, Marketing Communications and Research
GVA Smith Mack
610.265.0600
MSahms@GVASmithMack.com