Bristol-Myers Squibb Puts 900,000 SF on the Market

PRINCETON, NJ-Pharma giant Bristol-Myers Squibb is putting a total of 900,000 sf of office space on the market at two locations here as the company restructures its real estate holdings, GlobeSt.com has learned. And company officials say they’re looking for a sale-leaseback deal. “The company will remain at both sites and sign long-term leases,” a spokesman says.

And BMS has hired locally based Garibaldi, Morford & Dodds/Corfac International to advise it on the offering, GlobeSt.com has learned. Handling the assignment are Robert Morford, Gerald E. Moore Jr. and Gerald A. Bower Jr. of Garibaldi’s Financial Services Division.

“This portfolio is well positioned,” Morford tells GlobeSt. “It should attract investors seeking quality, well-located office space leased to a credit tenant that’s committed to the community.”