Bridgewater becomes home to another pharmaceutical company
BRIDGEWATER – Another national pharmaceutical firm is moving to the township.
Lexicon Pharmaceuticals will relocate its New Jersey offices from Allen Road in Bernards to the Somerset Corporate Center at the intersection of routes 22 and 202/206 opposite the Bridgewater Commons.
The company, with its corporate headquarters in The Woodlands, a suburb of Houston, will occupy 20,000 square feet in the development owned by SJP Properties.
The company is scheduled to occupy the space no later than the first quarter of 2023.
The Route 202/206 corridor has become the home for several cutting-edge pharmaceutical companies including Sanofi, Regeneron, Solaris Pharma, Aspen Pharmacare, Hisun Pharmaceutical and Amneal Pharmaceutical.
Lexicon Pharmaceuticals, listed on NASDAQ, uses gene science to develop drugs for people with serious, chronic conditions, studying nearly 5,000 genes to pinpoint potential drug development. The company is developing medications to treat heart failure and diabetes neuropathy.
Other tenants of the Somerset Corporate Center are Qualcomm, Oracle, Cognizant, iconectiv, Merrill Lynch, Messer, Bausch Health, Mazda, Caliber and Kering Eyewear.
Also see:World's largest biotech firm wants to expand its Branchburg operations. Here's what's planned
“Somerset Corporate Center is perfectly situated to attract top talent from the surrounding area given its unparalleled highway access,” said Alexander Erdos, senior vice president of leasing and marketing, at SJP Properties. “Labor is key for established life science companies such as Lexicon, and they also recognize the importance of ownership quality as it correlates directly to tenant experience.”
SJP has transformed the campus, which has five office buildings totaling 1.2 million square feet, into a work/play/stay destination to help tenants continue to attract top talent. Other tenants in the property include a 170,000-square-foot Life Time athletic facility, Life Time Work, Tommy’s Tavern + Tap restaurant and the AC Hotel by Marriott.
Email: mdeak@mycentraljersey.com
Mike Deak is a reporter for mycentraljersey.com. To get unlimited access to his articles on Somerset and Hunterdon counties, please subscribe or activate your digital account.
This article originally appeared on MyCentralJersey.com: Lexicon Pharmaceuticals NJ moves to Somerset Corporate Center
