Valeant Doubles NJ Office Space

Valeant Pharmaceuticals International Inc. has doubled the size of its office space at Somerset Corporate Center in Bridgewater, NJ, having signed a long-term, 620,000 square-foot lease for the entirety of two buildings within the master-planned business center. The transaction is one of New Jersey’s largest office leases of the last decade.

Valeant Pharmaceuticals established its U.S. headquarters at Somerset Corporate Center in 2014 and currently leases all of Somerset Corporate Center IV. With this new lease, the multinational pharmaceutical company has both extended the term of its original lease at Somerset Corporate Center IV, and expanded by an additional 310,000 square feet to lease all of Somerset Corporate Center III.

The two Class A office buildings leased by Valeant are part of SJP Properties’ five-building Somerset Corporate Center campus, widely recognized as one of the premier business centers in the region.

“Somerset Corporate Center features flexible, highly efficient office space that will enable Valeant to seamlessly integrate multiple business units in one location,” said Steven Pozycki, founder and chief executive officer, SJP Properties. “Additionally, the center is situated in one of the country’s strongest labor pools for the pharmaceutical and technology sectors, providing the company with a distinct competitive advantage in attracting and retaining top talent.”