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Bristol-Myers Squibb Plans Sale-Leaseback of Princeton Office Space

Published 7/20/2006

Bristol-Myers Squibb is putting a total of 900,000 sf of office space in Princeton, N.J., on the market with the intent to establish a long term leaseback. Part of the company's restructuring of its real estate holdings, the facilities to be sold are at two locations. The 77 Scudders Mill road site is comprised of 106 acres with three five-story office buildings connected by an underground service concourse with a multimedia studio. Permits are in place for a fourth five-story office building at the site as well as preliminary approval for two more buildings. The 100 Nassau Park Blvd. property is comprised of a 3-story Class A office facility with a central atrium.