A year after announcing plans to vacate its Kenilworth headquarters, Merck & Co. has officially placed the nearly 2 million-square-foot office and research campus on the market for sale.
Office leasing in New Jersey rebounded modestly in the third quarter, even as the pandemic continues to weigh on the market and fuels a sizable uptick in availabilities.
A new Merck & Co. spinoff is moving to the Goldman Sachs tower in Jersey City, where it’s reportedly set to occupy 110,000 square feet for its global headquarters.
Merck & Co. is leaving its Kenilworth headquarters and returning its front office to Rahway, in a move that is slated to take place by the end of 2023.
The owner of a new apartment complex in Union has partnered with some of the area’s top employers on a series of incentives aimed at drawing renters to the property.
A stronger 2018 helped New Jersey’s office market reverse the losses of the prior two years, Newmark Knight Frank found, thanks in part to healthier demand and leasing in some of the state’s key submarkets.
For all the buzz around walkable, urban submarkets and higher-density workplaces, our readers have never lost interest in the fate of the Merck property in Whitehouse Station. I was reminded of that on Jan. 3, when a story about a potential buyer for the complex quickly became the most-read item we’ve ever had on RE-NJ.com.
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.
The long-awaited sale of the massive Merck & Co. property in Readington is slated to close this fall, following the news that a California-based IT services firm has agreed to purchase the site.
Several of New Jersey’s largest, most prominent life sciences complexes are now on the path toward redevelopment, with new anchor tenants in place or new owners that can reclaim the value of what was left behind.
In the most high-profile cases, a team at JLL has been right in the thick of it.