Gale Real Estate Services Co. in Roseland announced last week it will develop a new four-story, 200,000-square-foot class A office building for Sanofi-Aventis.BRIDGEWATER Gale Real Estate Services Co. in Roseland announced last week it will develop a new four-story, 200,000-square-foot class A office building for sanofi-aventis as an expansion of the French pharmaceutical companyÂs U.S. headquarters in Bridgewater. Sanofi-aventis currently occupies the entire three-building, 670,000-square-foot complex at 55 Corporate Drive in Bridgewater, which houses approximately 2,000 employees.
A joint venture between The Gale Company, SL Green Realty Corp. and Principal Real Estate Advisors purchased the property in 2004 from AT&T Corp. Sanofi-aventis began occupying 55 Corporate Drive in mid-2006. The Gale Company was the previous name of Gale Real Estate Services Co., before being acquired by Edison-based Mack-Cali Realty Corp. in May 2006.
Marc Greene, a sanofi-aventis spokesman, said the new building Âgives the ability to accommodate our future business needs, but declined to provide specifics. He added that the property, which is expected to begin construction in 2009, would further strengthen the companyÂs presence in Bridgewater. In addition to 55 Corporate Drive, sanofi-aventis maintains research and development campuses at 200-400 Crossing Blvd., 1041 Route 202-206 and a regional sales office at 300 Somerset Corporate Blvd., all in Bridgewater.