Novum Pharmaceutical Research Services To Locate Headquarters At Commerce Court Building At Station Square, Pittsburgh

CLEVELAND, Ohio – March 31, 2015 – Forest City Commercial Group announced today that Novum Pharmaceutical Research Services has signed a 10-year lease agreement totaling approximately 28,000 square feet of space in the Commerce Court office building at Station Square in Pittsburgh, PA.

“I’m thrilled that our future location in Station Square will allow us to keep calling Pittsburgh home for many years to come,” said Christopher H. Chamberlain, Novum’s chief executive officer. “This office space will be perfect for supporting our business strategy and creating a great environment for our employees and customers.”

“We are pleased to welcome Novum and its staff to Station Square,” said James LaRue, asset manager with Forest City. “Having this caliber tenant call Station Square its corporate headquarters speaks to the quality of our office building, the overall property and Novum’s commitment to downtown Pittsburgh.”

Commerce Court is a seven-story, 379,000-square-foot office building with ground-floor retail. Originally built in 1918 as a railway freight warehouse, the property was redeveloped in the 1980s as a modern office building and was acquired by Forest City in 2007. In addition to Novum, major tenants include U.S. Bank, WESCO International, Inc., Cardworks Servicing Inc. and MARC USA.

CBRE (NYSE: CBG) represented both the tenant and landlord in this transaction, and is responsible for office and retail leasing at Station Square.

About Novum Pharmaceutical Services

Novum is a U.S.-based contract research organization providing Phase I through IV clinical research, data management, statistical and reporting services to the pharmaceutical and related industries. Founded in 1972, with corporate headquarters in Pittsburgh, Novum operates Early Phase research facilities in Houston, Texas, Fargo, North Dakota and Las Vegas, Nevada. Novum's Clinical Trial Management group conducts Phase II through IV clinical endpoint studies requiring large patient numbers across numerous therapeutic areas. Please visit http://www.novumprs.com for more information about Novum and its full range of services.

About Station Square

Station Square, located near the confluence of the three rivers in Pittsburgh, is a historic redevelopment and one of the region’s most unique destinations. With 1.2 miles of scenic riverfront, Station Square features shopping, dining, hospitality, office space and entertainment, and is one of Pittsburgh’s largest tourist destinations, with millions of visitors each year. The property has pedestrian and transit links to the Central Business District, with thousands of workers, students and residents. Station Square's light rail access sees thousands of commuters annually, and the center offers the largest downtown parking facility outside of Heinz Field.

About Forest City Commercial Management

Forest City Commercial Management is a unit of Forest City Enterprises, Inc. an NYSE-listed national real estate company with $8.8 billion in total assets. The company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate throughout the United States. For more information, visit www.forestcity.net.

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