Case Study :: Bristol-Myers Squibb – Princeton

Property: Bristol-Myers Squibb Company Route 206 Princeton, New Jersey Assignment: – Consolidation of multiple distribution centers throughout the northeast into a new 800,000 square foot build-to suit distribution facility for Bristol-Myers Squibb’s Clairol division

Challenges:
– Identify suitable development sites in a multi-state search area
– Evaluate impact of relocation on human resource and distribution logistics
– Evaluate financing alternatives for relocation including net lease, synthetic lease, and bond lease

Conclusion:
– Developed full construction guidelines and specifications for new building
– Negotiated alternative relocation options
– Negotiated state incentives
– Decision was made not to relocate due to sale of Clairol division to Proctor & Gamble