June 23, 2020
Lincoln Equities Group and H.I.G. Realty Partners acquired a 1.2-million-square-foot life sciences campus in Hopewell, NJ, formerly owned by global biopharmaceutical company Bristol Myers Squibb (BMS), for an undisclosed sum. JLL is marketing the 433-acre “Princeton West Innovation Campus,” seven miles from Princeton, to life sciences companies.
The nine-building, multipurpose research and development and biologic/pharmaceutical manufacturing campus includes build-to-suit opportunities and is highly divisible into footprints of all sizes.
“Given the current public health crisis, we anticipate pharmaceutical and life sciences manufacturers to consider ‘reshoring’ and expanding operations in the U.S.,” said Joel Bergstein, president of LEG. “This spacious, modern BMS campus – located in the center of ‘Einstein’s Alley’ in Central New Jersey – is a prime location for continued innovation and expansion.”
LEG will manage the property through its Life Sciences division. The BMS acquisition expands the division’s portfolio to nearly two million square feet.
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