Business & Tech
Pharmaceutical Company Moving from Menlo Park to Newark
Depomed, Inc. signed a 10-year lease with with the Pacific Research Center.
A specialty pharmaceutical company signed a long-term lease with the , indicating it is shifting operations from Menlo Park to Newark.
Depomed, Inc. announced it signed a 10-year lease with BioMed Realty Trust Inc. for a space that totals approximately 60,000 square feet at the Pacific Research Center campus in a press release Monday night.
Depomed President and CEO Jim Schoeneck said in a statement:
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“We are excited about our move later this year to the Pacific Research Center. The combination of a vibrant, accessible campus and BioMed Realty's specialty expertise in understanding and operating life science real estate was certainly a factor in our decision to become part of the life science community at PRC."
Depomed joins a number of businesses that have moved recently, including bio tech companies such as and fashion boutiques such as Cynthia L.
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In early March, reports noted that between BioMed Realty Trust Inc. and a private biotech company. The name of that company has not yet been released.
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