The news became public after GSK filed papers with the NJDepartment of Labor indicating that it would ax more than 100staffers within the next 60 days, mostly in marketing, compliance,payroll and business analysis. Some 50 staffers will remain on-sitetemporarily as the local operations gradually shut down. A GSKspokesman could not be reached for comment.


The four-story asset at 110 Allen Rd., also known as Bernards 78for its proximity to I-78, totals nearly 202,000 sf. The buildingis owned by a local partnership advised by Lend Lease Real EstateInvestments, and a full-floor block of direct space is currentlylisted with an asking price of $29.75 per sf.


Formed in 1999 by former big pharma execs, Reliant had growninto one of the world's largest privately owned pharmaceuticalcompanies prior to its acquisition by GSK. Focusing oncardiovascular products and services, the company initially movedinto Bernards78 in early 2001, filling the building with its lease of52,417 sf. As additional space opened up, Reliant expanded multipletimes to its current 96,000 sf, most recently with a 20,000-sf addition acouple of years ago.

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