Government & Public Policy
Growing life sciences firms, Big Pharma giant offered EDA incentives

State officials have approved tax credits meant to help three pharmaceutical firms grow the industry’s footprint in New Jersey, while also dangling a nearly $40 million incentive to keep a global life sciences giant from pulling its U.S. headquarters out of the state.

Office
Pharma tenant expands, inks 18,000 sq. ft. lease at Bridgewater campus

A pharmaceutical firm has more than tripled its footprint at a sprawling life sciences campus in Bridgewater, where it has signed a new lease for 18,072 square feet.

Retail
Bridgewater retail center trades for $4.2 million, Marcus & Millichap says

A private investor has paid more than $4 million to acquire a 14,700-square-foot retail center in Bridgewater, in a deal brokered by Marcus & Millichap.

Office
HFF brokers sale of Route 22 office building

Investors have acquired a 95,620-square-foot office building in Somerset County that is fully leased to a national bank and a regional health care provider, according to HFF.

Office
Advance: Bridgewater life sciences campus now 80 percent leased

The commercial space at a sprawling redevelopment site in Bridgewater is now 80 percent leased, following two new deals and growth by existing tenants in the life sciences sector.

Office
JLL team provides a cure for New Jersey’s vacant pharma sites

Several of New Jersey’s largest, most prominent life sciences complexes are now on the path toward redevelopment, with new anchor tenants in place or new owners that can reclaim the value of what was left behind.

In the most high-profile cases, a team at JLL has been right in the thick of it.

Office
C&W: Mack-Cali acquires Red Bank campus for $26M, while selling elsewhere

Mack-Cali Realty Corp. has acquired three office buildings in Red Bank for $26 million while selling a property in Bridgewater, in separate transactions arranged by Cushman & Wakefield.

Office
SJP: Bridgewater campus at full occupancy after tech firm expands

Qualcomm has grown its footprint at a Bridgewater office building, developer SJP Properties said Wednesday, bringing the 180,000-square-foot property to full occupancy.

Industrial
Denholtz: Marble company renews flex space in Somerset County

Denholtz Associates has inked a lease renewal with a marble supplier for more than 50,000 square feet at a flex-industrial park in Bridgewater and Bound Brook, the firm announced.

Office
Biotech inks new lease at Advance’s Bridgewater campus

A biotechnology firm has expanded its footprint at the New Jersey Center of Excellence, Advance Realty’s sprawling commercial and soon-to-be mixed-use campus in Bridgewater.