Cmed, a UK-based clinical trial data capture/management firm serving the pharmaceutical industry, was represented by Frank Recine of CB Richard Ellis. Transwestern was repped by CBRE brokers Geoff Schubert, Dan Casey and Garrett Rioux. Terms of the lease were not released.
"We were able to accommodate Cmed's impressive growth," Recine says. "We were able to work around the company's remaining obligations and ensure a smooth transition into their expanded space."
As reported by GlobeSt.com, Transwestern bought the four-story, two-building Mountain Heights Center as part of a five-building, two-state portfolio for $140 million in a transaction that closed in early 2004. The seller was the Archon Group in a deal that originated more than a year before it actually closed.
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