Real Estate Strategies Corporation Prescribes a Lease Extension for Meda Pharmaceuticals’ Research Facility
Extends Lease on Pharma Laboratory
(Somerset, New Jersey): Andrew Zezas, SIOR, President and CEO of Real Estate Strategies Corporation, announced today that the New Jersey based corporate real estate advisory and transaction services firm has completed the renegotiation of a research facility lease on behalf of its client, Meda Pharmaceuticals Inc.
“Meda maintains two global research facilities, one here in New Jersey and the other in Europe” Andrew Zezas said. He added “Due to the sensitivity of the Company’s research projects, maintaining continuous operations was essential, while we sought opportunities to reduce their operating costs. So, a lease renegotiation made perfect sense and resulted in identifying and capturing real cost improvements. After having previously renegotiated Meda’s U.S. HQ lease, we are very pleased to have represented the Company’s real estate interests on this important project.”
In 2008, Real Estate Strategies Corporation announced that it had renegotiated Meda Pharmaceuticals’ U.S. Headquarters lease in Somerset, New Jersey.
Meda is a leading international specialty pharma company, represented in all of Europe and U.S. by its own marketing subsidiaries. Meda’s products are sold in 120 countries, and the shares of its Swedish parent company, Meda AB, are traded on the Nasdaq OMX Nordic Exchange in Stockholm.
Real Estate Strategies Corporation is a respected corporate advisory and transaction services firm that provides thought-leadership, decision-making, planning, project management and transaction execution services to financial and senior executives at management team-led public, private, and portfolio companies, and not-for-profit organizations. Under the leadership of its award-winning CEO, Andrew B. Zezas, RealStrat’s clients engage the firm when acquiring, disposing, renegotiating, or enhancing occupied leased or owned real estate in New Jersey, Pennsylvania, New York, Connecticut, and throughout North America. By creating and executing Business DRIVEN Real Estate Solutions and identifying hidden Opportunities, RealStrat drives greater operational and financial performance in support of its clients’ stakeholder objectives, M&A requirements, and exit strategies.
In the current economic environment, RealStrat’s efforts are focused on uncovering, capturing, and re-purposing hidden liquidity and minimizing risk in its clients’ leased and owned real estate. The firm provides counsel as to competitive advantage strategies in preparation for the eventual economic recovery. By restructuring existing leases, disposing of surplus property, structuring sale / leaseback transactions, securing new and replacement financing, and acquiring leased or owned real estate, RealStrat reduces its clients’ occupancy costs and risk, and increases their operational flexibility and resiliency. Many of the firm’s clients have realized multiple seven-figure present value cash benefits through the creative planning and execution of these strategies. Visit www.RealStrat.com.
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