August 11, 2016
PLAINSBORO — The nearly 100-acre corporate campus that houses pharmaceutical company Novo Nordisk in New Jersey has been sold for $305 million — the largest single-asset transaction in the state so far this year.
Korean investment firm Hana Asset Management Co. bought the 762,000-square-foot structure at 800 Scudders Mill Road in Plainsboro, NJBiz.com reported.
Novo Nordisk, a specialist in diabetes care, began occupying the former Merill Lynch building in 2013. It will continue to lease about 563,000 square feet in the nine interconnected buildings.
The property includes a six-acre lake, large trees and a one-mile walking path on mostly wooded land. It's adjacent to a Crowne Plaza hotel and conference center.
After Merrill Lynch departed, investment company BlackRock moved in before they left in 2010.
Brokerage firm Cushman & Wakefield announced the deal Wednesday on behalf of Ivy Equities, LCOR Inc. and Intercontinental Real Estate Corp.
Jeff Goldman may be reached at jeff_goldman@njadvancemedia.com. Follow him on Twitter @JeffSGoldman. Find NJ.com on Facebook.
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