The transaction follows IQVIA’s recent IMS Health and Quintiles merger and allows the company to consolidate multiple regional facilities. It also furthers the trend of life sciences and associated companies leasing space in the Interstates 287 and 78 corridor.
CBRE’s Remy deVarenne and Sean Morley negotiated the sublease deal on behalf of sublandlord, Legacy Investors.
“IQVIA conducted an exhaustive search of the region, specifically the Bridgewater market, a hub for the life sciences industry,” noted Morley, first vice president, CBRE. “The company chose 77 Corporate Drive because of its unparalleled existing infrastructure and amenities.”
The four-story office building features modern, open, highly efficient workspaces that can accommodate a high density of knowledge workers (over 200 seats per floor) with a market leading, 5/1000 parking ratio.
The property also offers a full-service café, conference center and walking trails. There is approximately 90,000 square feet of furnished, ready to occupy space that remains available for sublease, offering an exceptional environment, flexible sublease term and value pricing.
IQVIA is an American multinational company serving the combined industries of health information technologies and clinical research.