ROCHESTER, N.Y. – Bausch + Lomb, the global eye health company,
announced today it will seek a buyer for its One Bausch + Lomb Place
building in Rochester, N.Y. The company will maintain its world
headquarters in Rochester, where the company was founded 157 years ago.
Bausch + Lomb employees currently occupy just five of the 20 floors in
the downtown office building. The other floors are leased to multiple
The building will be marketed for sale on the assumption that Bausch +
Lomb will remain as a tenant on the floors that it currently occupies.
The ideal scenario for the company is to transfer its corporate offices
over time to Bausch + Lomb’s Optics Center on Rochester’s North Goodman
Street, although the company will consider alternatives. The
approximately one-million-square-foot Optics Center facility is the
global center of Bausch + Lomb's Vision Care unit, its largest business.
It presently houses contact lens manufacturing, research and
development, and multiple other business functions.
“We remain committed to staying in Rochester, where our heritage is
strong,” said Brent Saunders, CEO of Bausch + Lomb. “However, we are in
the business of eye health, not real estate development and leasing.”
Construction was completed in 1995 on the $70-million-dollar downtown
tower to house Bausch + Lomb’s corporate business functions, as well as
its former sunglasses business. The company sold its sunglasses business
to Luxottica in 1999. Since that time, Bausch + Lomb has successfully
leased the majority of the premier downtown office space to several
“The availability of this iconic building presents a rare and tremendous
opportunity for private investors and developers,” said Stephen Haupt,
director of corporate real estate for Bausch + Lomb. “The immediate
downtown location provides easy access on and off Interstate 490 for
suburban clients, and the adjacency to the Midtown Rising project places
the building at the heart of Rochester’s revitalization efforts.”
Bausch + Lomb employs approximately 1,600 people in Rochester and 11,000 people worldwide.
# # #
About Bausch + Lomb
+ Lomb is dedicated to bringing visionary ideas to eye health. Its core
businesses include contact lenses and lens care products, ophthalmic
surgical devices and instruments, and ophthalmic pharmaceuticals. The
Bausch + Lomb name is one of the best-known and most respected
healthcare brands in the world. Founded in 1853, the company is
headquartered in Rochester, N.Y., and employs more than 10,000 people
worldwide. Its products are available in more than 100 countries. More
information is available at www.bausch.com.