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BASF Puts 215,000 SF on the Market

MT. OLIVE, NJ - The space was freed up at the German-owned chemical giant's one million-sf complex here following the sale and relocation of its Knoll Pharmaceutical operating unit.

By Eric Peterson | Updated on November 02, 2001

MT. OLIVE, NJ – BASF, the German-owned chemical conglomerate, has put a total of 215,000 sf of class A space on the market for lease at the company’s one million-sf headquarters complex within the New York City-based Rockefeller Group’s International Trade Center here. BASF owns the property, which, while located within the International Trade Center, is not part of federally designated foreign-trade zone that covers most of the ITC site.

The space became available after the move-out of the company’s former Knoll Pharmaceutical unit, which BASF sold to Abbott Labs late last year for $6.9 billion in cash. Knoll had used the space for a variety of office operations, which were subsequently moved to Abbott’s headquarters in Abbott Park, IL.

The three-year-old, five-story building, which is located just off I-80 on the border between Morris and Sussex counties, is serviced by a 910-car parking lot and is sprinklered and alarmed. A Wyndam Garden Hotel sits directly opposite the entrance to the complex.

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