Genmab A/S Leases 90000 Square Feet At 777 Scudders Mill Rd Princeton With Trawler Capital Management

The property involved in this transaction is located at 777 Scudders Mill Rd, Princeton, NJ, within the Plainsboro market. It encompasses a total area of 90,070 square feet, leased by Genmab A/S for its new U.S. headquarters and research lab. The facility is part of a three-building, 125-acre complex formerly owned by Bristol-Myers Squibb, consisting of three five-story office buildings each approximately 220,000 square feet. Trawler Capital Management is the landlord of this property.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not specified
• Address: 777 Scudders Mill Rd, Princeton, NJ
• Market: Plainsboro
• Tenant: Genmab A/S
• Landlord: Trawler Capital Management
• Tenant's Representative: Jason Benson - JLL
• Brokers: Charlie Hatfield
• Square Feet: 90,070

This transaction marks the first new tenant at the former Bristol-Myers Squibb campus, following its vacancy in 2017. Genmab's lease includes a long-term commitment and the intention to create an additional 150 jobs over the next three years, supported by a tax credit incentive approved by the Economic Development Authority. Colliers International, including Charlie Hatfield and Brett Incollingo, represented Trawler Capital Management in the deal, while JLL managing directors and vice president Jason Benson represented Genmab.