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Roche To Shutter Nutley Facility in 2013, and Slash 1,000 Jobs

NUTLEY, NJ-Christopher E. Kinum, the head of Cushman & Wakefield’s Global Life Science practice tells GlobeSt.com that finding a new tenant for a large research lab site in the current economic climate presents a formidable “challenge.”

By Antoinette Martin | Updated on June 26, 2012

NUTLEY, NJ–Roche, the Swiss pharmaceutical company, announced Tuesday that it will shutter its research center in Nutley at the end of next year, after 80 years of operation in the North Jersey suburb. This means the loss of 1,000 jobs – and, commercial real estate experts said, a huge new hole blown into the market.

Roche announced it will build a smaller facility employing 240 people somewhere on the East Coast to handle late-stage R & D, but said it has not yet identified a site. Roche plans to sell the Nutley property by 2015, and consolidate most R&D activities in its offices in Switzerland and Germany.

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