Johnson & Johnson chief buys Millennium Tower condo for $13.6M

Three-bedroom unit was designed by Hariri and Hariri

TRD New York /
Sep.September 20, 2012 02:00 PM

William Weldon, chairman of pharmaceutical and consumer products giant Johnson & Johnson, appears to have purchased a three-bedroom spread at the Millennium Tower for $13.6 million, according to public records filed with the city today.

Weldon, who stepped down as the company’s CEO earlier this year but still serves as its chairman, bought the 2,948-square-foot apartment in a quick deal that closed September 6. The unit had been on the market for 90 days asking $15 million. It was listed by Marilyn Korn and Pamela Ajhar of Marilyn Korn Real Estate.

Weldon bought the condo under an LLC registered to an address in New Hope, Pa, where he owns a condo. The New Jersey Star Ledger previously reported that the executive occasionally commutes by helicopter to Johnson & Johnson’s New Jersey headquarters.

The Millennium Tower unit, at 101 West 67th Street, features views of Central Park, Midtown and the Hudson River, according to the listing. It was redesigned by architects Hariri and Hariri to include floor-to-ceiling thermal windows in every room and under-floor heating throughout. Residents of the building are offered a special membership rate to for a Reebok Club gym and health facility located within the building.

The seller of the spread was Moshe Meidar, a Founder of MAG Industrial Automation Systems, records show. Meidar and his wife, Margalit, bought it for $8 million in 2006.

According to previous reports, 63-year-old Weldon stepped down in April as CEO of Johnson & Johnson. He was replaced by Alex Gorsky.

Korn was not immediately available for comment. A spokesperson for Johnson & Johnson declined to comment on the transaction.

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