After decades of consolidation by Big Pharma, demand for modern lab and diagnostic space in New Jersey is on the rise, fueling rent growth and pushing some developers to consider new laboratory projects.
A joint venture has acquired the 1.2 million-square-foot Bristol-Myers Squibb campus in Hopewell, seeking to attract new tenants amid continued growth in the life sciences sector.
An investment group has reaped $95 million from the sale of a well-known, three-building office campus in Hopewell that is fully occupied by Merrill Lynch.
The nation’s life sciences sector continues to expand, boosted by technological advancements, growing employment and a strong economy. While Boston and San Francisco remain the country’s main life sciences hub, their tightening inventory and constrained labor force has driven momentum south to the Garden State.
The owner of a medicine and spa facility has acquired a 9,500-square-foot office building in Lawrenceville, in one of three recent transactions by Commercial Property Network.
A professional services firm is relocating its regional office as part of a nearly 9,000-square-foot lease in Hopewell, under a newly announced transaction by Cushman & Wakefield.
A flurry of blockbuster leases propelled New Jersey’s office market in the third quarter, fueling positive momentum despite a handful of high-profile space dispositions.
The brokerage team that has sold many of New Jersey’s most high-profile pharmaceutical campuses has its latest assignment — the 1.14 million-square-foot Bristol-Myers Squibb research and development complex in Hopewell.