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BRIDGEWATER, NJ-Dr. Reddy’s Laboratories Ltd. has signed a lease for a total of just under 17,000 sf of office space at SJP Properties’ Somerset Corporate Center II. The India-based pharmaceutical company, which produces a variety of therapeutics, will move its North American headquarters here from Upper Saddle River, NJ.

Wayne Kasbar and Doug Twyman of Newmark Real Estate of New Jersey, Woodbridge, represented Dr. Reddy’s in the transaction. Terms of the lease were not disclosed.

Somerset Corporate Center II is a 250,000-sf class A office building located within Somerset Corporate Center, a 1.6-million-sf master planned office park. The complex is situated opposite the recently expanded Bridgewater Commons Mall in Somerset County.

The Parsippany, NJ-based SJP Properties currently has a portfolio of more than 12 million sf of office space with an additional six million sf of development potential.

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