MetLife Investment Management has chosen JLL to lead the charge to reposition AT&T's former 197-acre campus in Bedminster, New Jersey, as a life science hub for either a buyer or tenant.

The property at 900 Route 202-206 N has been renamed the Bedminster Technology Center. The former home of telecom giant AT&T and long known as One AT&T Way, has four interconnected buildings totaling 939,795 square feet. It features a global network operations center, a heliport and 15 acres of covered and surface parking.

JLL on Tuesday said it will begin marketing the property for single or multitenant lease, sale or site redevelopment with acreage for sale for companies looking to build and own specialized space. The brokerage said its team on the assignment will include experts in the firm’s global Life Science and Technology Advisory and Business & Economic Incentives Practice, as well as services in finance, lease accounting, tax and transaction structuring, and global capital markets, "to help occupiers and investors optimize the economics of the asset."

The property has local approvals for up to 2 million square feet of development, JLL said. The focus now "is on transforming [this] historic corporate site into a next-generation life science, specialty manufacturing hub," according to the brokerage.

The site has been rezoned by the township of Bedminster to accommodate up to 2 million square feet of total development targeted toward biotech research and development and advanced manufacturing uses, with some 300,000 square feet available for a conference center, hotel, and amenities that could include a fitness center, restaurants or retail, JLL said.

“With its current redundant infrastructure capacity and fully secured location with superior transportation options and access to a highly educated population, Bedminster Technology Center could be redeveloped with its as-of-right zoning as a technology park for the development of advanced manufacturing facilities in an expedited time frame,” JLL Vice Chairman Dan Loughlin said in a statement.

JLL's Loughlin is leading a market team that includes executive vice president Charles Dillon, executive managing director Matt Jackson, managing director Bob Ryan, general manager Bob Stark, vice president Ron Simoncini, associate vice president Matt Loughlin, and a capital markets team led by senior managing directors Jose Cruz and Jeremy Neuer.