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Verizon Ready to Buy Former AT&T Campus

BASKING RIDGE, NJ-The battle between Central New Jersey and Northern Virginia to grab the telecom giant's consolidated landline and wireless headquarters operations has apparently been won by the Garden State.

By Eric Peterson | Updated on March 22, 2005

BASKING RIDGE, NJ-Ever since Verizon announced last summer that it was planning to consolidate much of its Manhattan headquarters staff with Verizon Wireless’ headquarters operations, New Jersey and Virginia have been locked in a battle to grab the brass ring. Now, New Jersey has apparently won that battle.

As reported by GlobeSt.com, the vacant former AT&T campus here was in play as a possible site, and that’s apparently where the consolidation will happen. According to a published report, Verizon has agreed to buy the sprawling property from Pfizer Inc., its current owner, for $125 million.

A spokesman for Verizon declined to comment. A Pfizer spokesman would only say, “we’re still on the market.” However, according to a source with knowledge of the negotiations, a sale contract could be signed as early as today.

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