Pharmaceutical giant Bristol-Myers Squibb announced Tuesday that it plans to build a 650,000-square-foot office building in Lawrenceville near the intersection of Interstate 295 and the Princeton Pike on company-owned property acquired back in 2001.
The new campus, which the company says will be part of a larger initiative to modernize its workspaces, will serve Bristol-Myers Squibb in addition to its worldwide headquarters, which is also located in Lawrence Township.
The company says it will use the new facility to consolidate existing operations in Plainsboro and West Windsor and house approximately 2,500 workers upon completion. Construction could begin as soon as this fall, with the end of 2016 eyed as the targeted opening date.
“We are proud to expand our presence in Lawrenceville, a community that has been home to our company for more than 40 years,” CEO Lamberto Andreotti said in a statement. “Our new campus will create a dynamic and modern workplace to advance the important work that our employees are doing to discover, develop and deliver innovative medicines for patients with serious diseases.”
On Tuesday, Lt. Gov. Kim Guadagno congratulated the company on expanding its presence in the state.
“As the home of more scientists and engineers per square mile than anywhere else in the world, New Jersey continues to be a leader in research and innovation,” Guadagno said. “We know that businesses always have a choice and we are pleased that Bristol-Myers Squibb made the right decision to stay here in the Garden State.”
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