Tuesday, April 26, 2016

Daiichi Sankyo Leases 241,000 SF in Basking Ridge, NJ

Daiichi Sankyo, Inc., the U.S. subsidiary of pharmaceutical company Daiichi Sankyo Company Ltd., has leased 241,350 at 211 Mount Airy Rd. in Basking Ridge, NJ.

The company is consolidating several business segments into its new U.S. headquarters beginning in 2017, enabling increased efficiencies and innovation in its existing and emerging therapeutic areas including cardiology, oncology, pain management and other areas. Daiichi Sankyo is comprised of national development functions currently located in Edison and commercial departments located in Parsippany.

"Uniting our New Jersey-based personnel into a single location not only makes us more efficient, but it will also further strengthen collaboration among teams working across the entire life cycle of our medicines," said Glenn Gormley, MD, PhD, chairman of the board and president, Daiichi Sankyo, Inc. "We have enjoyed being a part of the Parsippany and Edison communities and we look forward to what the future holds in our new headquarters."

The firm's new space is located within the three-story, 301,800-square-foot, 4-Star office building that was originally constructed in 1975 and renovated in September 2015. It sits on 52 acres in the Route 78 East submarket of Somerset County, in Bernards Township. The building previously served as the headquarters for Avaya, Inc., which will remain in a portion of the first floor.

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