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Deals & Dealmakers

Leading Biopharmaceutical Company Leases 20,000 SF at SJP Properties’ Somerset Corporate Center 1

Adding to the campus’s roster of industry-leading tenants, SJP Properties has inked a deal with Lexicon Pharmaceuticals, a biopharmaceutical company that develops disease treatments using gene science based on Nobel Prize-winning technology. Lexicon will occupy 20,000 square feet of office space at Somerset Corporate Center 1 in Bridgewater, N.J.

Lexicon will relocate its New Jersey office from Basking Ridge to Somerset Corporate Center, which will provide its employees with easily accessible commuting options, a sophisticated collection of on-site amenities, and a technologically-advanced office environment. SJP Project Solutions, SJP’s project and construction management division, will execute a custom interior-build out to accommodate the unique needs of Lexicon’s operations. The company is scheduled to occupy the space no later than Q1 of 2023. Gregg Najarian and Slava Vaynberg of Savills represented Lexicon in the transaction. 

“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 – Leasing & 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’s repositioning of the Bridgewater property has included the integration of a robust lifestyle amenities program that has transformed the campus into a work/play/stay destination to help its tenants continue to attract top talent. World-class amenities include a 170,000-square-foot Life Time athletic facility, offering an elite health club experience; a 31,000-square-foot Life Time Work, the brand’s coworking concept; Tommy’s Tavern + Tap restaurant; and a 150-room AC Hotel by Marriott that features The Bradford, a rooftop bar, restaurant and lounge providing exceptional views of the campus and surrounding landscape. Additionally, the campus is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – offering over 100 shops, specialty stores, and restaurant options, as well as outdoor plazas, for Somerset Corporate Center’s tenants to enjoy. 

Widely regarded as the premier corporate headquarters location in Central New Jersey, Somerset Corporate Center is home to numerous leading-edge companies that benefit from its state-of-the-art work environment. In addition to Lexicon, these tenants include Qualcomm, Oracle, Cognizant, iconectiv, Merrill Lynch, Messer, Life Time Work, Bausch Health, Mazda, Caliber and Kering Eyewear.

The campus comprises five existing Class A buildings, totaling 1.2 million square feet, that are situated around a landscaped park, affording a unique configuration that enables access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Additionally, Somerset Corporate Center is in close proximity to both Newark International Airport and New York City, and offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just two miles from the property. 

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