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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