Valeant Pharmaceuticals Inks 310,000 SF New Jersey Lease Following Major Acquisitions


Valeant Pharmaceuticals International has signed a long-term, 310,000-square-foot lease to occupy the Somerset Corporate Center IV at SJP Properties’ 2.1 million-square-foot office complex in Bridgewater, New Jersey.

ValeantValeant, a multinational pharmaceutical company, will consolidate multiple locations into its new U.S. headquarters following the company’s acquisition of Bausch + Lomb — and more recently Solta Medical — and is expected to relocate during the first quarter of 2014.  

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Somerset Corporate Center IV is one of five buildings within the Somerset Corporate Center campus that according to SPJ boasts “high-performance, energy-efficient and environmentally responsible building systems that produce low emissions and optimal indoor air quality to deliver a healthier work environment.”

“Somerset Corporate Center IV is situated in a pristine campus setting within the heart of one of the country’s best labor pools for the pharmaceutical and technology sectors,” said Steven Pozycki, CEO of SJP Properties, in a statement. “We are confident that Valeant’s ability to attract and retain top professionals will be further enhanced by Somerset Corporate Center’s offering of numerous premier amenities and highly responsive on-site management.”

The building features several on-site amenities that will be exclusively available to Valeant’s employees, including a full-service corporate cafeteria, a conference center with a 225-seat theater-style auditorium, and a fitness center. The complex features a 15-acre central park, with walking paths, sitting areas and private gardens. 

Among existing tenants at the complex are Qualcomm, Allergan Pharmaceuticals, Cognizant Technologies, Merrill Lynch and Aon Hewitt and Aptalis.

A Cushman & Wakefield (CWK) team of Greg Ficke, David Sherman and Harlan Hollander represented Valeant in the transaction, while SJP was represented in house by Jeff Schotz and Peter Bronsnick. A Cushman & Wakefield spokesperson did not respond to requests for comment. Mr. Schotz and Mr. Bronsnick could not be reached.