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New York & Tri-State  + New Jersey  + Office  | 

Novo Nordisk NJ HQ Trades For $305M

Ivy Equities LCOR Inc. and Intercontinental Real Estate Corp. sold the Novo Nordisk 762,000-square-foot North American headquarters in Plainsboro, NJ to Hana Asset Management Co. of Korea. The $305 million price represented the largest single-asset sale in New Jersey so far this year.

The Class A property at 800 Scudders Mill Rd. includes nine interconnected buildings on 58 acres. Novo Nordisk occupies 563,000 square feet on a net lease basis, with expansion rights through April 2031.

Andrew Merin, David Bernhaut, Gary Gabriel and Brian Whitmer with Cushman & Wakefield’s Metropolitan Area Capital Markets Group represented the seller. The Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Alexander Hernandez and Alex Lapidus arranged acquisition financing and future funding. Ken Lorman with Lee & Associates – New Jersey, advised the buyer.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Sale/Acquisition
  • ◦Sale/Acquisition