IQVIA, an American multinational company serving the combined industries of health information technologies and clinical research, has inked a sublease for 115,000 sq. ft. of space at 77 Corporate Drive in Bridgewater, New Jersey. This transaction follows IQVIA’s recent IMS Health and Quintiles merger and allows the company to consolidate multiple regional facilities. It also furthers the trend of life sciences and associated companies leasing space in the I-287/I-78 corridor.
CBRE’s Remy deVarenne and Sean Morley negotiated the sublease deal on behalf of sublandlord, Legacy Investors.
“IQVIA conducted an exhaustive search of the region, specifically the Bridgewater market, a hub for the life sciences industry,” noted Mr. Morley, First Vice President, CBRE. “The company chose 77 Corporate Drive because of its unparalleled existing infrastructure and amenities.”
Built and furnished from 2010-2013, the four-story office building features modern, open, highly efficient workspaces that can accommodate a high density of knowledge workers (over 200 seats per floor) with a market leading, 5/1000 parking ratio.
The property also offers a full service café, conference center and walking trails. There is approximately 90,000 sq. ft. of furnished, ready to occupy space that remains available for sublease, offering an exceptional environment, flexible sublease term and value pricing.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
