PICK UP IN PHARMACEUTICAL & LIFE SCIENCE SECTOR

Share on facebook
Share on twitter
Share on linkedin

In 2013 The Garibaldi Group, real estate service providers in the pharmaceutical and life science sector, facilitated multiple transactions throughout the United States.

Recapping the year, the team of Jeff Garibaldi, Jerry Moore, Chuck Bower and Scott Garibaldi transacted over 500,000 square feet of R&D, lab and office space in the pharmaceutical and life science sector. Those numbers are represented by deals spanning both coasts of the United States. Clients represented include JHP Pharmaceuticals, Celldex Therapeutics, NPS Pharmaceuticals as well as a global Fortune 200 Bio Pharma company.

“What we have been witnessing is a positive real estate demand trend in the life sciences sector” said Senior Managing Director Jerry Moore. “This trend is a result of the collaboration initiatives between large and small pharma. That synergy has allowed big pharma to leverage into the small pharma R&D pipeline with a particular emphasis on biotech.”

Along with a recovering economy and revitalized real estate market, The Garibaldi Group forecasts continued expansion in the bio and life sciences sector. President of The Garibaldi Group, Jeff Garibaldi asserts, “We have been an established conduit within the life science sector and The Garibaldi Group will continue to help the sector flourish offering our real estate services to firms of all sizes.”

SALE – SELLER REP :
• 521 Cottonwood Dr. | Milpitas, CA | 66,664 sf
• Landord: A Fortune 200 Global Bio Pharma Company
• Buyer: Berrueya Family L.P.


LEASE – TENANT REP
• Perryville Corporate Park | Hampton, NJ | 33,363 sf
• Lessor: Crown Properties, Inc.
• Lessee: Celldex Therapeutics


LEASE – TENANT REP
• 35 South St. | Hopkinton, MA | 27,326 sf
• Lessor: Olympus Bio Tech Corp
• Lessee: A Fortune 200 Global Bio Pharma Company


LEASE – TENANT REP
• Morris Corporate Center | Parsippany, NJ | 18,870 sf
• Lessor: OTR-MCC LLC
• Lessee: JHP Pharmacutical


LEASE – TENANT REP
• 601 Office Center Dr. | Ft. Washington, PA | 45,484 sf
• Lessor: 600-601 OFFICE CENTER DR HOLDINGS LIMITED PARTNERSHIP
• Lessee: A Fortune 200 Global Bio Pharma Company


LEASE – TENANT REP
• 777 Scudders Mill Road Unit 3 | Plainsboro, NJ | 231,108 sf
• Lessor: Bel Scudders 3 LLC
• Lessee: A Fortune 200 Global Bio Pharma Company