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Johnson & Johnson Expands Lease

MONTGOMERY TOWNSHIP, NJ-Pharmaceutical giant Johnson & Johnson has tacked on an additional 50,000 square feet at its space here.

By Maria Wood | Updated on February 06, 2009

MONTGOMERY TOWNSHIP, NJ-Johnson & Johnson–the fourth largest pharmaceutical company in the world–has increased its square footage from 112,000 to 162,000 at 23 Orchard Rd. in this Princeton-area municipality. The building is owned by JER/Herring Orchard LLC, a JV between JER Partners of McLean, VA and Herring Management Inc. of Princeton.

In March of last year, Johnson & Johnson signed the original lease for its consumer products division while the building was undergoing extensive updates that included a re-design of the central atrium, the addition of a new elevator and improvements to other common areas. JER/Herring acquired the 235,000-square-foot property in late 2005, and immediately undertook a renovation project to make it suitable for multiple tenants. According to Alex Gilbert, head of the US Fund Business at JER Partners, Johnson & Johnson’s expansion brings the building to “near capacity.” Also on the tenant roster are Oscient Pharmaceuticals and Blessing White.

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