PLAINSBORO, NJ—Korean investment firm Hana Asset Management Company is buying Novo Nordisk's 762,000-square-foot North American headquarters in Plainsboro for $305 million, the largest single-asset sale in New Jersey to date in 2016.
Cushman & Wakefield brokered the sale and secured financing for the transaction.
Members of Cushman & Wakefield's Metropolitan Area Capital Markets Group, including Andrew Merin, David Bernhaut, Gary Gabriel and Brian Whitmer, represented the seller, a partnership of Ivy Equities, LCOR, and Intercontinental Real Estate Corp. Ken Lorman with Lee & Associates – New Jersey, advised the purchaser, part of the Hana Financial Group, a bank holding company that owns about 30 properties worth $3 billion in markets across Asia, North America, and Europe, according to Real Capital Analytics, a proprietary research company.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
