Indian pharma firm signs 10-year lease at Bedminster office complex

An Indian generic pharmaceutical company has signed a 10-year lease in Bedminster, according to real estate firm Colliers.

Alembic Pharmaceuticals signed for approximately 7,300 square feet of space at the Offices at Bedminster as part of a U.S. expansion, Colliers said in a news release. The team of Sam Horowitz and Chris Hovanec, executive managing directors; Jack Callahan, associate director; and Ray Iodice, associate, represented landlord Northeast Capital Group in the transaction.

“This premier property offers the amenities, access and flexible work environments that preeminent companies like Alembic deserve,” Horowitz said in a prepared statement. “We were excited to be able to continue to help bring another quality tenant to the complex.”

Colliers was named exclusive leasing agent for the property in August 2020. It has about 14,000 square feet of office space available.