eResearch's Expansion Drives 59,395-SF Deal

PHILADELPHIA-eResearch Technology has signed a lease for 59,395 sf of class A office space in the 37-story 1818 Market St. The company plans to vacate 30 S. 17th St. by year’s end.

Details of the transaction were not released, but a spokeswoman for GVA Smith Mack says eResearch has signed a long-term lease for the concourse, ninth and 10th floors. Office space in the building is listed at $25.50 per sf. eResearch was represented by Jeff Mack and Bill Finnegan of GVA Smith Mack. Jim Mullarkey of GVA Smith Mack negotiated for the property owner, Santa Ana, CA-based Grubb & Ellis Realty Investors LLC.