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Real estate firms tout former Bristol-Myers Squibb facility as an ‘innovation campus’

By Chris Newmarker | June 22, 2020

Princeton West Innovation Campus Bristol Myers Squibb Lincoln Equities Group H.I.G. Realty Partners

The Princeton West Innovation Campus in Hopewell, N.J. [Image courtesy of Bristol Myers Squibb]

Lincoln Equities Group and H.I.G. Realty Partners announced today that they’ve acquired the 1.2 million-square-foot life sciences campus that Bristol-Myers Squibb owned outside Princeton, N.J.

Brokerage firm JLL is helping the real estate outfits market the 433-acre “Princeton West Innovation Campus”  in Hopewell, N.J., to life sciences companies as a secure, multipurpose research and development (R&D) and biologic/pharmaceutical manufacturing campus.

“Given the current public health crisis, we anticipate pharmaceutical and life sciences manufacturers to consider ‘reshoring’ and expanding operations in the U.S.,” Joel Bergstein, president of Lincoln Equities Group, said in a news release. “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.”

Current tenants include PTC Therapeutics, which takes up over 200,000 square feet, including a biologics production facility and R&D buildings.

“We look forward to building around the strong in-place anchor tenancy of PTC and leveraging H.I.G.’s real estate expertise and bio-health experience to enhance the execution of the value-add business plan,” said Ira Weidhorn, co-head of H.I.G. Realty Partners.

The Princeton West Innovation Campus includes nine principal buildings with clinical manufacturing, plug-and-play biological laboratories and office space — plus freestanding R&D support space, storage facilities and a global data and command center.

About The Author

Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at cnewmarker@wtwhmedia.com.

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