NEWS RELEASE: PPD Signs Sublease For 30,000 Square Feet

Aug 31, 2004

Wilmington, N.C. – August 31, 2004 – Cape Fear Commercial is pleased to have represented PharmaTech Solutions, Inc. in subletting 30,000 square feet to PPD, at Pine Valley.

PharmaTech Solutions, Inc. is a full-service patient recruitment company providing innovative services enabling profitable clinical research. PPD, a leading global provider of discovery and development services and products for pharmaceutical, biotechnology and medical device companies, is expected to take occupancy of the 30,000 square feet within 60 days. The sublease will terminate concurrently with PPD’s lease termination at Barclay Commons, where the corporate headquarters are located.

About Cape Fear Commercial
Cape Fear Commercial is a full service commercial real estate advisory firm based in Wilmington, North Carolina. For more information on the Wachovia Building or Cape Fear Commercial, visit them online at