The Garden State has landed another corporate tenant.
The move will inject as much as $12 million of private investment into the state’s economy as well as create several hundred new jobs over the next few years, according to SJP.
“Allergan’s decision to expand its operations in New Jersey will create hundreds of high-quality jobs and is proof that the pro-business policies of this Administration are helping to attract and retain both large and small businesses here in the state,” said Governor Chris Christie. “Working diligently to attract leading companies such as Allergan to New Jersey to improve our long-term economic prospects has been a top priority of mine since I took office.”
Somerset Corporate Center II totals 250,000 square feet and is situated within Somerset Corporate Center, one of SJP’s signature developments, offering direct access to Interstate 78 and Interstate 287, Routes 202/206, as well as proximity to both Newark International Airport and New York City. The building’s tenants include Juniper Networks, Qualcomm, Merrill Lynch, Aon Consulting, and Dr. Reddy’s Laboratories.
“Somerset Corporate Center is an ideal location for world-class companies such as Allergan, offering the highest quality, modern buildings with cutting-edge technology and exceptional amenities,” stated Steven J. Pozycki, CEO of SJP Properties. “This transaction is a continuation of our organization’s track record attracting leading-edge companies to our properties, and we are extremely confident that Allergan will strongly benefit from this property’s strategic location within the heart of New Jersey’s pharma/tech corridor, offering unparalleled access to a highly skilled labor pool.”
SJP was represented in-house in the transaction; Allergan was represented by CBRE Senior Vice Presidents Kurt Burdack, Carolyn Sica and Chip Wright.
The property features high-performance, energy-efficient and environmentally responsible energy systems that produce low emissions and optimal indoor air quality. Somerset Corporate Center II was awarded the U.S. Environmental Protection Agency’s prestigious Energy Star recognition, the national symbol for superior energy efficiency and environmental protection, and is registered with Leadership in Energy and Environmental Design (LEED), which is the path to seeking LEED Existing Building – Operating & Maintenance certification.
The most prominent feature at the Somerset Corporate Center campus is the 15-acre central park around which the center’s five buildings are situated. The park features numerous walking paths, sitting areas and extensive landscaping, helping to reduce environmental stress for building tenants. Additionally, private gardens at each of the buildings include seasonal floral displays, fountains and park-style seating.
Additionally, Somerset Corporate Center is situated amongst several college campuses such as Rutgers and Raritan Valley College and a diverse housing base within coveted school districts. Numerous hotels, including the adjacent 300-room Bridgewater Marriot Hotel and conference center, surround the corporate center. Located directly across Routes 202/206 is the nearly one million-square-foot Bridgewater Commons Mall, the second-largest mall in New Jersey, offering a variety of retail amenities. Restaurants, numerous country clubs and public golf courses, movie theaters and daycare facilities are also in close proximity to the campus.
Allergan is a global, technology-driven, multi-specialty health care company with approximately 10,000 employees worldwide and a presence in more than 100 countries. Established more than 60 years ago as an eye care company, Allergan currently focuses on several medical specialties, including eye care, neurosciences, medical aesthetics, medical dermatology, obesity intervention and urologics. The firm’s well-known products include Botox®, Restasis® and Lap-Band®.