Indian pharmaceutical giant Alembic has leased its first US office space in new Jersey as a launch pad for further expansion.
Colliers secured a 10-year office lease for Alembic Pharmaceuticals at The Offices at Bedminster. The firm’s Sam Horowitz, Chris Hovanec, Jack Callahan and Ray Iodice represented the landlord, Northeast Capital Group.
Alembic Pharmaceuticals will occupy about 7,300 s/f of space at the property located at 550 Hills Drive in Bedminster, New Jersey. Moving into the new space will help the century-old global pharmaceutical company prepare for further expansion across the United States.
The Class-A property recently underwent significant renovations, including an upgraded lobby and new fitness center.
“We are pleased to welcome Alembic Pharmaceuticals to the building and include them among our roster of leading companies that call The Offices at Bedminster home,” said Joel Kiss, CEO of Northeast Capital Group. “The property offers terrific amenities both within the complex and in the immediate vicinity, and we couldn’t be more pleased to provide this quality working environment for our tenants.”