BERNARDS TWP., NJ-The UK-based GlaxoSmithKline acquired locally based Reliant Pharmaceuticals this past November in a $1.65-billion deal, and now that deal is putting a major block of office space back on the market. GSK officials have revealed plans to shut down Reliant’s headquarters, totaling 96,000 sf at 110 Allen Rd. in this township’s Liberty Corner section.

The news became public after GSK filed papers with the NJ Department of Labor indicating that it would ax more than 100 staffers within the next 60 days, mostly in marketing, compliance, payroll and business analysis. Some 50 staffers will remain on-site temporarily as the local operations gradually shut down. A GSK spokesman could not be reached for comment.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.