The sprawling former Merck & Co. headquarters campus in Readington — file photo
A California-based IT services firm has closed on its purchase of the former Merck & Co. headquarters campus in Readington, where it now plans to establish a regional headquarters.
UNICOM Global announced Monday that its division, UNICOM Science and Technology Park Inc., has completed its acquisition of the 1,100-acre office campus in the town’s Whitehouse Station section, which it says includes roughly 2 million square feet of office space. Terms were not disclosed.
After completing the long-awaited and closely watched deal, the Beverly Hills-based company will rename the property UNICOM Science and Technology Park.
“UNICOM Global is very excited to acquire this world-class IT Real Estate property as our Regional Headquarters for the New York and New Jersey region” said Corry Hong, founder, CEO and president of UNICOM Global. “Our commitment is to expand and extend our information technology portfolio and our services for industry leaders, especially those in the Banking, Insurance, Technology, Telecom, Government, Pharmaceutical and BioTech sectors, which is reflected in this investment.”
The campus consists of office buildings, data centers, innovation labs, command centers, conference centers, heliports, child care center, central utility plant and solar farms, according to a news release. But it had become a poster child for New Jersey’s glut of obsolete suburban office parks — following word in 2012 that the pharmaceutical giant was moving its main operations to Summit — complicated by its massive size and its location in a more rural section of the state.
In its announcement Monday, UNICOM said the acquisition is a demonstration of its willingness to invest in the future of the country “and will be another cornerstone of UNICOM’s work in the region” and throughout the Boston to Washington D.C. corridor.