LAWRENCEVILLE, NJ—Global pharmaceutical firm Bristol-Myers Squibb Co. reports it will be significantly expanding its presence here with the planned development of a new 650,000-square-foot campus on company-owned land at the intersection of Princeton Pike and Interstate 295.

Construction is expected to begin this fall with occupancy projected at the end of 2016. The company’s worldwide headquarters, which opened in 1971, is located at U.S. Route 206 and Province Line Road. The new campus will allow the company to consolidate operations in leased office space at 777 Scudders Mill Road in Plainsboro Township and at Nassau Park Boulevard in West Windsor Township. The company currently employs more than 2,000 people at the Route 206 headquarters campus and more than 6,000 in central New Jersey. Once work is completed, as many as 2,500 people will work at the new Lawrenceville facility.

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