Developers weigh new lab, research projects as New Jersey market continues to tighten

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.

LEG, H.I.G. Realty purchase 1.2 million sq. ft. ex-BMS campus in Hopewell

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.

Joint venture sells Merrill Lynch office campus in Hopewell for $95 million

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.

Life sciences breeding positive momentum in the New Jersey CRE market

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.

CPN inks sale of Lawrenceville office building, one of three new Mercer County deals

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.

Environmental, engineering firm takes 8,900 sq. ft. at Hopewell campus, C&W says

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.

NKF: Blockbuster leases helped carry New Jersey office market in Q3

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.

Finding new life: Young pharma, biotech firms offer second chance for New Jersey’s legacy R&D space

A growing pipeline of young life sciences firms has offered a second chance for New Jersey’s stock of legacy laboratory space. In the process, the ventures have served as anchors for developers seeking to repopulate large, vacant pharmaceutical campuses with turnkey laboratories.

JLL tapped to oversee sale of 1.14 million sq. ft. pharmaceutical campus

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.

Horizon, two others help stabilize Hopewell office park

The owner of a Hopewell office complex said it has inked three leases totaling more than 200,000 square feet in recent months, anchored by a deal with the state’s largest health insurer.