Indian pharma giant leases NJ launchpad for US expansion


Indian pharmaceutical giant Alembic has leased its first US
office space in new Jersey as a launch pad for further expansion.

Colliers secured a 10-year office lease for Alembic
Pharmaceuticals at The Offices at Bedminster. The firm’s Sam Horowitz, Chris
Hovanec, Jack Callahan and Ray Iodice represented the landlord, Northeast
Capital Group.

Alembic Pharmaceuticals will occupy about 7,300 s/f of space
at the property located at 550 Hills Drive in Bedminster, New Jersey. Moving
into the new space will help the century-old global pharmaceutical company
prepare for further expansion across the United States.

 The Class-A property
recently underwent significant renovations, including an upgraded lobby and new
fitness center.

“We are pleased to welcome Alembic Pharmaceuticals to the
building and include them among our roster of leading companies that call The
Offices at Bedminster home,” said Joel Kiss, CEO of Northeast Capital Group.
“The property offers terrific amenities both within the complex and in the
immediate vicinity, and we couldn’t be more pleased to provide this quality
working environment for our tenants.”

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