Jones Lang LaSalle

Cmed Triples US HQ Space
By Eric Peterson
Last updated: January 4, 2006 09:59am

BERKELEY HEIGHTS, NJ-Cmed Inc. has signed a new lease, expanding its US headquarters office to a total of 11,000 sf at Mountain Heights Center here. Located on 24 acres at 430 Mountain Ave., the 306,000-sf office complex is owned by the Chicago-based Transwestern Investment Co.

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.