Brian Moynihan
In its ongoing effort to curb costs by selling real estate, Bank of America is now marketing a 12-building, 1.7 million-square-foot office campus in New Jersey that could break the record for the state’s biggest office sale. Businessweek reported that the property, which is located in Hopewell Township near the Pennsylvania border, could get $400 million from the sale.
A $400 million deal would crush the previous record set in October when Jersey City’s Newport tower traded for $377.5 million. Bank of America would lease back the Hopewell Township campus. [more]
