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IPS, Meyer Ship $800M Biopharma R&D Venture

by Index Investing News
January 22, 2025
in Property
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In one of many largest latest investments in biopharmaceutical manufacturing within the U.S., world oncology firm BeiGene has accomplished its $800 million, 400,000-square-foot biologics manufacturing and medical growth heart in Hopewell, N.J.

BeiGene’s $800 million biologics manufacturing and medical growth heart in Hopewell, N.J. Picture by Jeffrey Totaro, courtesy of IPS and Meyer

The campus is BeiGene’s U.S, flagship facility and its first U.S. manufacturing website. The opposite two are in Guangzhou and Suzhou, China. The corporate does have a number of U.S. workplaces in Cambridge, Mass.; Ridgefield, N.J.; Fulton, Md.; San Mateo, Calif.; and Emeryville, Calif.

IPS-Built-in Venture Providers LLC, a supplier of engineering, procurement, development administration and validation companies, and Meyer, a nationwide structure and design agency, performed integral roles within the growth and supply of the three-year Hopewell venture that expands BeiGene’s built-in manufacturing and analysis and growth footprint within the U.S.


READ ALSO: Life Science Traits to Watch in 2025


Positioned on a 42-acre property on the 433-acre Princeton West Innovation Campus, the state-of-the-art facility gives flexibility for BeiGene to scale manufacturing of its most cancers medicines. The corporate goals to create lots of of latest high-tech jobs on the website by the tip of 2025.

The campus options essentially the most superior know-how within the biopharmaceutical trade with the flexibility to broaden to 1 million sq. toes over time. The top-to-end manufacturing capabilities create price, pace and know-how benefits in addition to provide chain resiliency.

Lab interior at BeiGene’s biologics manufacturing and clinical development center in Hopewell, N.J.
Lab inside at BeiGene’s biologics manufacturing and medical growth heart in Hopewell, N.J. Picture by Jeffrey Totaro, courtesy of IPS and Meyer

As lead campus architect, IPS led the design and supply of the campus, together with the biopharmaceutical manufacturing and utilities services in addition to crucial technical techniques. The corporate additionally ensured the venture met strict regulatory necessities.

Meyer supplied ground-up structure and inside design companies together with general campus design help for the 100,000-square-foot workplace and lab constructing, a cafeteria and on-site café. The brand new facility combines workplace and lab capabilities. It additionally consists of crucial mechanical and utilities techniques wanted to help BeiGene’s medical R&D capabilities.

Different venture companions included developer Lincoln Equities Group, structural engineer Mainstay Engineering Group, civil engineer Van Be aware-Harvey Associates and development supervisor DPR Building.

Centrally situated campus

BeiGene acquired the positioning from Lincoln Equities Group in November 2021 and broke floor on the venture in April 2022. Lincoln Equities Group and H.I.G. bought the Princeton West Innovation Campus in 2020 from former proprietor, Bristol-Myers Squibb, which had made greater than $500 million in capital enhancements earlier than the sale.

The Mercer County campus is centrally situated between New York Metropolis and Philadelphia lower than 5 miles from I-295, which gives entry to I-95. The campus has greater than 30 buildings together with organic product growth and medical manufacturing services, R&D belongings, workplace buildings, an information heart, convention heart, health heart, little one growth heart and parking storage.

Along with BeiGene, different firms situated at Princeton West Innovation Campus embody Enzene Biosciences, Gennao, GenScript ProBio and PTC Therapeutics. The campus has area obtainable for lease in addition to growth rights and build-to-suit alternatives.

New Jersey’s prime life science market

One of many prime 10 life science clusters within the U.S. as ranked by JLL, New Jersey’s market consists of greater than 12 million sq. toes. Of the highest 20 pharma firms, 14 are situated in New Jersey and eight of the highest 10 R&D firms are additionally within the state, in line with Newmark’s third-quarter life science market report for Northern New Jersey. The report famous demand for obtainable lab area exceeded 1 million sq. toes as of late final yr.

A number of important life science offers have been introduced at different New Jersey life science campuses lately  In November, Revlon selected a 62,000-square-foot area at The Northeast Science and Expertise Middle in Kenilworth, N.J., for a science and innovation lab. NEST is a 100+acre campus devoted to analysis and growth improvements owned by a three way partnership of Onyx Equities and Machine Funding Group. The JV acquired the campus from Merck, which moved out of all of the campus buildings besides one. Revlon mentioned the ability’s present lab infrastructure performed a key position in its determination to lease area on the NEST.

In the meantime, HELIX Well being + Life Science Trade, a 4-acre innovation district constructed by SJP Properties and New Brunswick Improvement Corp. close to Rutgers College in downtown New Brunswick, N.J., is scheduled for supply within the third quarter of 2026. The 1.2 million-square-foot venture will home the New Jersey Innovation HUB and Rutgers Robert Wooden Johnson Medical College.



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