Pharmaceutical giant puts sprawling NJ campus on market

After sale, research center in New York City will be Hoffman-La Roche's lone US facility

New York /
Feb.February 21, 2014 03:04 PM

A Swiss pharmaceutical titan operating 30 minutes outside of New York City is offering its 118-acre campus for redevelopment.

Jones Lang LaSalle is representing Hoffman-La Roche in the sale of the property at 340 Kingsland Street that spreads across Nutley and Clifton, New Jersey, the Star Ledger reported.

“The proximity of Roche’s campus to major transportation corridors, mass transportation hubs and the surrounding urban demographic make this property a uniquely desirable site,” managing director Thomas Stanton told the Ledger.

Both towns have come up with pitches for the new site, including plans for a hotel, offices, light industrial warehouses, luxury condominiums and senior housing, according to the article. Perkins Eastman is the architect officials in the two cities have in mind, according to the company’s website.

Roche, which is relocating to Europe to cut costs, plans to sell the property by the end of 2015. The company’s clinical research center in New York City at 450 East 29th Street will be its only remaining U.S. operation. [StarLedger] — Angela Hunt


Related Articles

arrow_forward_ios
A photo illustration of Paterson Mayor Andre Sayegh along with a rendering of the planned development at 305-319 Pennsylvania Avenue (Getty, HannaBS, CC BY-SA 4.0 - via Wikimedia Commons, Paterson City Council, Google Maps)
Judge upholds approval for 171-unit development in Paterson
Judge upholds approval for 171-unit development in Paterson
(Illustration by The Real Deal with Getty)
Developer fires back as Saddle River blocks affordable housing
Developer fires back as Saddle River blocks affordable housing
Russo Development's Edward Russo (Illustration by The Real Deal with Getty, LinkedIn)
Russo’s complex is latest warehouse project facing blowback
Russo’s complex is latest warehouse project facing blowback
Garden Communities' Brett Tanzman with 800 Sylvan Avenue (Loopnet, Getty, Rutgers)
Development underway on former Unilever hub in Englewood Cliffs
Development underway on former Unilever hub in Englewood Cliffs
Reynolds Asset Management's Lou Reynolds and 7-15 W Main St in Bound Brook, NJ (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Loopnet, Reynolds Assets Management)
Tri-state roundup: These New Jersey and Long Island deals aren’t turkeys
Tri-state roundup: These New Jersey and Long Island deals aren’t turkeys
From left: Kushner Companies’ Charles Kushner, Fortress Investment Group's Peter Briger, and Veris Residential’s Mahbod Nia (Getty, Fortress Investment Group, YouTube)
Kushner gets Fortress to fund hostile takeover of Veris
Kushner gets Fortress to fund hostile takeover of Veris
From left: Adam Altman, Martin Nussbaum, Brian Cooper, Joe Koicim
Photos: Inside Slate Property Group’s holiday party at Casa Cipriani
Photos: Inside Slate Property Group’s holiday party at Casa Cipriani
55 Mercer Street (Zillow)
Jersey City single-family home sets sales record
Jersey City single-family home sets sales record
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...