Allergan Sales LLC and one of its subsidiaries, LifeCell Corp., has leased and purchased two buildings at Branchburg Corporate Campus owned by Murray Construction.
The 136,283-square-foot 1 Millennium Way in Branchburg, New Jersey serves as the U.S. headquarters for LifeCell, which just signed a new 12-year lease at the building. Simultaneously, the brokerage teams negotiated the acquisition of 4 Millennium Way, a 147,000-square-foot building, for Allergan Sales LLC.
Murray Construction, the landlord and seller of the buildings, was exclusively represented by Newmark Knight Frank’s Vice Chairman and Chief Operating Officer for New Jersey David Simson.
“Our organization is delighted to assist the ownership with the sale of 4 Millennium and stabilization of the long-term lease at 1 Millennium to create value to the entrepreneurial family which owns the Branchburg,” noted Simson.
The tenant and purchaser of the two buildings was represented exclusively by International Director - Broker Lead Dan Loughlin and Vice President Jodie Matthews with JLL’s offices in Parsippany, New Jersey.
Michael Nachtome, chief operating officer of Murray Construction was integral in completing the transaction on behalf of the ownership, in conjunction with Robert Brown, lead attorney at Epstein, Brown & Gioia, LLC. “We are very pleased with LifeCell’s long-term renewal and are excited to welcome Allergan to the park. We look forward to many years working together,” noted Nachtome.
About Allergan Sales, LLC
Allergan offers an industry-leading portfolio of innovative, generic, hospital and Over-the-Counter (OTC) medicines. In many countries, patients recognize Allergan for many well-known, market-leading products. BOTOX®, NAMENDA®, RESTASIS®, LINZESS®, Bystolic®, JUVEDERM®, LATISSE®, LoLoestrin® FE, ESTRACE® Cream, Teflaro®, DalvanceTM, OZURDEX®, OPTIVE®, NATRELLE®, VIIBRYD®, LilettaTM and SAPHRIS® are just a few of these.
In other markets, Allergan is known for providing high-quality, affordable generic medicines that enhance patient access to important treatments. Allergan also continues to be recognized for its portfolio of OTC products, including Almagel®, Spasmalgon®, Sudocrem®, Troxevasin®, Flux/Fludent®/Xerodent®, Decubal® and Bisodol®.
Allergan helps billions of patients treat many diseases and health conditions — Alzheimer’s, chronic migraine, depression, chronic dry eye, elevated intraocular pressure, enlarged prostate, overactive bladder (OAB), irritable bowel syndrome (IBS), cystic fibrosis (CF), retinal disease, post-stroke spasticity, acne and acute bacterial infections. The Company is also the leader in products that address the effects of skin aging and other aesthetic conditions.
LifeCell offers cutting-edge, evidence-based medical education to advance surgical techniques and clinical solutions. These educational programs provide opportunities for healthcare providers to learn about new and developing areas in their field and remain current on recent therapeutic advancements, practices and procedures.
About Murray Construction
Murray Construction is a regional commercial real estate company which develops, builds, markets and invests in a diversified range of real estate, including industrial, flex, lab, office, medical, retail, and storage facilities. From humble beginnings, Murray Construction has developed over 25,000,000 square feet of commercial projects.
About Newmark Knight Frank
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NKF’s strong foundation makes it one of the most trusted names in commercial real estate. NKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.