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.
A pharmaceutical firm is the latest tenant to expand at Advance Realty’s flagship life sciences campus in Bridgewater, where it has taken nearly 13,000 square feet.
A global trade association has recognized Advance Realty with an accreditation tied to high standards of property management, placing it in the company of fewer than 550 firms worldwide.
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.