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IRVINE, CA - PM Realty Group, one of the nation’s leading full-service commercial real estate firms, announced today that DataLabs, Inc. signed a five-year lease for 10,262 square feet at the University Research Park in Irvine.
The transaction valued at more than $1 million is one of the largest transactions signed in the market this last quarter.
“PM Realty Group was pleased to be an integral part of such a large transaction in this growing market,” said Chris Strickfaden, Senior Vice President of the Western Division.
University Research Park, located at 101 Academy Drive, is situated on 184 acres and offers office building space with facilities for research and development, light manufacturing, professional office uses and corporate headquarters. The companies choosing to lease at University Research Park establish public-private partnerships with University of California, Irvine in order to share technology and collaborate in the areas of engineering, computer sciences, business management, bio-medical research and biotechnology.
DataLabs, Inc. develops software applications for clinical development in the biopharmaceutical industry. These applications become the enablers of improved processes in clinical development, and allow customers to develop new products faster, and with fewer resources (More at www.datalabs.com).
The lease transaction was negotiated by Chris Strickfaden, Senior Vice President of the Western Division of PM Realty Group on behalf of DataLabs, Inc. Rick Wandrocke of The Irvine Company Office Properties represented the owners in the transaction. | 
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