Risk Management Solutions Expands in Pacific Research Center

A Newark-based company that specializes in dealing with loss as a result of catastrophic events is expanding.

Risk Management Solutions has reached an agreement with BioMed Realty Trust to expand its lease within Newark’s Pacific Research Center. The company will expand by 31,500 square feet and will now occupy a total of 134,000 square feet in the building until the end of December 2020, according to contractresearch.pharmaceutical-business-review.com.

Here’s more from the report:

BioMed Realty chairman and chief executive officer Alan Gold said, "With over 400,000 square feet leased in the past 15 months, PRC is a vibrant, amenity-rich campus in close proximity to the life science and high-tech markets in the San Francisco Bay Area that continues to attract a broad array of high-quality tenants."

Community Development Director Terrence Grindall said the city was aware of the possibility of the company’s expansion but city staff was not directly involved.

“We are very happy to see the [Pacific Research Center] filling up,” Grindall said.

For more information about Risk Management Solutions, visit www.rms.com.