Pharmaceutical Companies Near Bridgewater Nj - VIEW - A 1.2-square-meter hole remains in the middle of Bridgewater, where Sanofi-Aventis' research and development operations take place, and New Jersey officials are wondering how to fill it.
The drugmaker originally planned to leave the 20-unit building of the Route 202/206 Sanofi facility by the end of the year. But things moved quickly, and company spokeswoman Elizabeth Baxter said Sanofi's move to Cambridge, Mass., was completed on July 31.
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Although the number of employees exempt from relocation is unknown, the company has relocated approximately 135 employees in Massachusetts and retains approximately 3,000 employees in New Jersey, 5,000,000 in Massachusetts and more than 18,000 in the United States.
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Baxter said Sanofi is apparently selling the company to potential buyers, but would not discuss anything related to the real estate transaction.
But a prominent New Jersey pharmaceutical expert says he fully expects the underdeveloped part of the Bridgewater facility to be redeveloped by the biotech industry.
"Well, they're going to be filled with more biotech companies -- that's certainly possible because the industry is growing," said Bio President Debbie Hart. "Our companies are looking for them and our universities are providing great workers," he said.
“Everyone who knows me knows that I hate to lose anything. "I refuse to waste any time," he said. I am sorry to see the company or anyone from New Jersey move. But Sanofi decided to stay and do its core business in New Jersey, and we couldn't be happier. "
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Mike Kerwin, president and CEO of the Somerset County Chamber of Commerce, said the issue is causing more public concern.
"I think Somerset County needs to respond as a whole." “We still have a lot of resources to show for it. "We are implementing comprehensive measures to improve the economy, and we must move forward and play to our strengths, as educated workers."
Sanofi maintains its North American headquarters at 55 Corporate Drive in Bridgewater, which is home to Global Services - North America, which provides operational support to Sanofi's five subsidiaries in the United States and Canada. The property at 55 Corporate Drive is located in North America.
We may charge you if you purchase any products or register for an account using one of the links on our website. Avance Realty is partnering with CrossHarbor Capital for the Sanofi property at 202/206 Street. Partners.
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Advance Realty, now based in Bedminster, will relocate its headquarters to Amneal Pharmaceuticals in Bridgewater, where it will receive 143,000 square feet of lab, office space and lighting, the company said. site to work with Ashland Special Equipment.
Built with 1.2 million square feet of laboratory, office and industrial space, the facility will be recognized as New Jersey's Center of Excellence.
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Advance Realty has been a real estate owner and developer in Somerset County for nearly 35 years and has developed several properties in Bedminster and Bridgewater, according to the release.
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"Our priority is to continue to review the design of the property to make sure there is a market for it," he said. He continued, "We look forward to working closely with local government officials as we develop a plan for the site that integrates economic development strategies for the City of Bridgewater and Somerset County. they rent."
"Ashland and Amneal were interested in the property because of the existing infrastructure," said Neal Opper of CrossHarbor Capital Partners. "We see it as an ideal location for small and medium-sized tenants looking for a great location, rich research and development space in an environment well-designed to handle modern projects."
The new owners, Advance Realty and CrossHarbor Capital Partners, said they want to convert part of the property into mixed-use.
"As an affordable real estate company focused on meeting the needs of our tenants, this is a great project for us," Cocoziello said in a statement. “We are based in Somerset County and are committed to boosting the local economy by creating jobs. This acquisition is not only a great opportunity to expand our operations in the region, but it also adds assets to our portfolio that will drive innovation and help us maintain our position as New Jersey's leading home for bio and pharmaceutical companies. "
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"The former Sanofi U.S. research and development center is Bridgewater's crown jewel and one of New Jersey's most dynamic properties," he said. He said, “The organic garden and the chemical industry are known as national and international leaders, and this center is surrounded by highly skilled and educated personnel who play an important role in the success of these industries. We look forward to working with Advance and CrossHarbor to complement the property mix of companies. "
"This business is good news for the overall economic health of Somerset County," he said. “The former Sanofi facility is a fantastic asset and the Somerset County Business Partnership said it was important for the new owner to understand the county's economy. Avance Realty has this concept and has demonstrated it through its significant presence in the region's business over three decades. Most employees at Ethicon on Route 22 will move to Janssen Pharmaceuticals in Raritan, a company spokeswoman said. Between routes 202 and 28.
"The Raritan building will provide our employees with a modern and state-of-the-art facility that will better meet business needs and support innovation to better serve our patients, consumers and customers around the world for years to come," he said. "New Jersey continues to be an important place to do business for the Johnson & Johnson family of companies."
In March, the Raritan Land Use Authority approved Janssen Pharmaceutical's plan to remove 76,000 square feet of research and laboratory space from its main building on 202nd Street and replace it with a two-story, 5,800-square-foot addition.
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The company said at the time that the project "is part of Johnson & Johnson's 2016 commitment to our New Jersey location as we renovate and modernize our facilities across the state. To better serve our patients, consumers and customers ours around the world. for years to come."
With nearly 1,000 employees, Ethicon was already one of the largest employers in Bridgewater and Somerset County. Located on Route 22 between Somerset Corporate Center and Roadtown Road, the 82-acre site is one of Central Jersey's premier real estate properties. In 2018, the paper was worth $35.5 million and earned $749,260.
Download the app for 3 free features a month or sign up today for unlimited access to everything. BRIDGEWATER - The reach and expansion of major pharmaceutical companies in Somerset County continues with Solaris Pharma Corporation announcing that it has doubled its lease. Development Realty Campus New Jersey Vacancy.
Solaris signed a lease for 18,072 square meters, expanding its footprint in the city by 13,000 square meters. He specializes in pharmaceutical product development with a focus on topical and transdermal products.
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The company joins the ranks of pharmaceutical giants that have signed new deals or announced significant increases in their leases at the complex, which will include 400 luxury apartments, restaurants, a health club and a food court. shopping, entertainment, shopping and outdoor recreation, as mentioned earlier.
In October, Nestle Health Sciences announced it would lease 180,000 square feet and move more than 250 jobs to the site.
Other tenants include Ashland, Amneal Pharmaceuticals, 3D Biotech, Union Med Tech, Clinical Genomics, GSG Scientific, Enterix, Matinas BioPharma, Newakar, Avantor Devices and Vertice Pharma.
Advance, in partnership with CrossHarbor Capital Partners, bought the property from Sanofi in 2014 when the global drugmaker moved research and development to the Boston area.
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Solaris will occupy the third floor of Building G, currently one of eight modern office and laboratory buildings on the campus.
"With its second-rate state-of-the-art R&D and infrastructure
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