NEW JERSEY—Amneal Pharmaceuticals has signed a 70,200-sq.-ft. lease at 1 Murray Road in East Hanover. Ron Ganter and Tom Giannone, managing principals of Cresa NJ–North/Central, along with Jiten Parikh, vice president of operations for Amneal, represented the tenant in the deal. The landlord, Ridge Murray Associates, was represented by its general partners, Bob Amaducci and John Haug.
“Amneal was looking for a new packaging space to accommodate its expansion, and the lease was procured quickly and smoothly,” said Ganter.
Established in 2002, Amneal Pharmaceuticals is a manufacturer of generic pharmaceuticals. Its product is developed from the early stages of research and development and active pharmaceutical ingredient development all the way through to FDA approval. In 2011, IMS Health listed Amneal as the seventh largest generics firm based on prescriptions dispensed.