ARTICLE
Riker Danzig Scherer Hyland & Perretti’s Real Estate team represented long-time client Lincoln Equities Group in its purchase of the former Bristol-Myers Squibb site in Hopewell, NJ, a 433-acre, 33-building campus with 1.2 million square feet of office space. Lincoln Equities purchased the property in a joint venture with H.I.G. Realty Partners on June 22, 2020. The property, now called the Princeton West Innovation Campus, is anchored by PTC Therapeutics, Inc., which occupies more than 200,000 square feet. Buildings on the campus include a wealth of research and development space, clinical and pharmaceutical manufacturing space, storage facilities and a global data and command center. The property is also zoned for commercial manufacturing. The property will be managed by Lincoln Equities’ life sciences division, which expects to see an influx of investment across the state. Riker Danzig partner Nicholas Racioppi, Jr., the head of its Real Estate Practice, led the team for the joint venture transaction, along with partner James M. Maggio, Jr. and Of Counsel Cathleen Giuliana on the real estate acquisition, financing and leasing issues and partner Alexa Richman-La Londe on environmental issues.