Yahoo / PRNewswire-FirstCall - November 7, 2005
The Sanofi-aventis Group, the world's third largest pharmaceutical company, has announced that it has signed an agreement to move its U.S. headquarters from its current location at Somerset Corporate Center in Bridgewater to 55 Corporate Drive, also in Bridgewater, to combine the headquarters activities into one location and to support future growth. Financial details of the agreement were not disclosed.
The move is scheduled to begin in December 2005. The three-building complex at 55 Corporate Drive is situated on 150 acres on Route 206 near Interstates 287 and 78. The current plans call for a total reconfiguration of the interior space of the existing buildings. Full occupancy of the approximately 670,000 square feet is expected by the end of 2006.
A joint venture between The Gale Company, SL Green and a client of Principal Real Estate Investors acquired the 55 Corporate Drive office complex from AT&T Corporation earlier this year.
Following completion of the move, all U.S. Pharmaceutical Operations employees will be located at the new site.
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Thursday, November 10, 2005
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