Pharmaceutical giant Bayer is selling 86 acres adjacent to its North American headquarters in Hanover, offering a rare infill development site in one of the state’s top corporate submarkets.
Experts say the struggles of New Jersey’s suburban office market are not as clear-cut as many still believe. Those challenges are in fact real, but there are still plenty of opportunities for owners and developers to make a splash.
MetLife Investments’ newly completed headquarters attracted a sale price of $95 million, in a recently announced deal that culminated of high-profile redevelopment effort in Hanover.
Fresh off the opening of MetLife Investments’ gleaming new headquarters in Hanover, the state-of-the-art office building has a new owner. For the sellers of the 185,000-square-foot property, it’s the conclusion to one of New Jersey’s biggest redevelopment stories in recent years.