Old BASF Property buyer??

So the Major of Mt. Olive says:

Scapicchio said a “major pharmaceutical company” has narrowed down the 97-acre tract to one of two sites being considered in the region. He would not identify the company but said he expects a decision by the end of the month.

So any rumors who the company is??

Link to article:
http://newjerseyhills.com/mt_olive_chronicle/news/article_e5bec98a-2406-11e0-aa95-001cc4c002e0.html

ShortCommute
Jan '11

Bayer

TeeCee TeeCee
Jan '11

what really...i find interesting...BASF...built that huge complex...bought and exchanged properties...and then they walk away...and leave the complex...empty...i drive by that place everyday...it is heated and maintained...but empty...what a huge waste...

oldman oldman
Jan '11

I know...

bill_clinton bill_clinton
Jan '11

BASF is building another complex in Florham Park next to the Jets

BillyBob
Jan '11

It is most likely Bayer as I know someone in the company that is on the committee. However, I have heard that they are not too thrilled with the ITC area and are still looking for alternative locations in northern NJ.

rieltime rieltime
Jan '11

Any updated rumors on this? The mayor said he expects a decision by the end of the month.

Another Joe
Feb '11

I read on blogs that Bayer was looking at 2 properties in Morris County.

localmom
Feb '11

"what really...i find interesting...BASF...built that huge complex...bought and exchanged properties...and then they walk away...and leave the complex...empty...i drive by that place everyday...it is heated and maintained...but empty...what a huge waste..."

BASF walked away because Mount Olive was raping them on taxes year after year.

OakHillsFinest OakHillsFinest
Feb '11

New For Sale Signs are up on the property.

John C John C
Feb '11

My source at Bayer says the town of Wayne is now the front runner in their search.

rieltime rieltime
Feb '11

Rumors were that Executives at Bayer were seriously talking abt ITC - Town of Wayne is in contention - as are few other locations...

Thats from my source at Bayer!

htown newbie htown newbie
Feb '11

My source can beat up your source!


Still not definative - http://www.dailyrecord.com/article/20110404/NJNEWS01/110404008/Bayer-unit-consolidating-N-J-adding-500-jobs?odyssey=tab|topnews|text|FRONTPAGE


Hmm...adding 500 jobs too. I may have to brush up the resume. The 1 hour commute has gotten stale.

emaxxman emaxxman
Apr '11

There were lights on inside when I passed by at about 550 this morning...


i passed by there tonight...the place was all lit up inside...it usually dark at nite

oldman oldman
Apr '11

get on with the show . I need a job !!!

tangerine tangerine
Apr '11

Good Morning.

The Mayors from Mount Olive and around Morris County should be knocking on the Doors of Bayer and kissing their as$@* to get them to the BASF HQ's and not waiting for them to to tell you where they are going.

Get busy and give them breaks to get them to Mt. Olive.


Good luck.

Dave.

Dave From Princeton Dave From Princeton
Apr '11

that is what they did for BASF,as soon as the tax breaks and perks were over they left town.

Robster Robster
Apr '11

Anyone heard anything more about this? Sure has been quiet.

ShortCommute ShortCommute
Jul '11

I am hoping that Bayer takes the property. It would shorten my commute a great deal. They want to consoldate all their sites into one. I have heard that the powers-that-be located in Berlin may have indicated that the BASF site is too far from Newark Airport. So, we will just wait and see. I am searching for updates. But I have heard from Stanhope locals that Bayer did indeed acquire the facility.

SDK357 SDK357
Aug '11

Nothing in the news but this:
New Jersey Office Market Holding Steady
By Mel Fabrikant Monday, July 18, 2011, 08:27 AM EDT

http://www.paramuspost.com/article.php/20110718082704906

If you really want to find out, search on Class A building sales

NewJobSearcher
Aug '11

Bayer was suppossed to announce new location last week, but got held up by a glitch in negotiations.

Possible locations are Mount Olive, Parsippany, Morristown, Morris Plains and Whippany.

I wish they would stop dragging their feet. A lot of people are very anxious to find out.

Bayer needs 850,000 sq feet. BASF offer 975,000 sq feet including multi layer parking garages on a very large campus.

SDK357 SDK357
Aug '11

Any day now.

What is taking these people so long?????

SDK357 SDK357
Aug '11

SDK357 Have you heard anything about potential hiring?

Firefly Firefly
Aug '11

Hiring? Word has it that there is a hiring freeze for Bayer -- Globally.

SDK357 SDK357
Aug '11

I thought that ended in Q1 of 09 though...

TFulp TFulp
Aug '11

Heard from a good source a company who will be doing the fit up for the new Bayer building it is in Parsippany. They have signed.

GMmom GMmom
Aug '11

with the luck of this area they will staff the bayer office from out side the usa .
J/K

Caged Animal Caged Animal
Aug '11

I have also heard through 4 different sources that they signed for BASF.

SDK357 SDK357
Aug '11

Q1 of 09??? Nope. It's here and now. And when they do lift it, the hiring of locals will depend upon their skill set.

SDK357 SDK357
Aug '11

Still waiting......

SDK357 SDK357
Sep '11

UPDATE:

Bayer is moving to Parsippany.

Apparently, the BASF building has been vacant for sooooooooo long that there is severe pipe damage from rust. Bayer balked at the building because of the cost of repairs.

So.... the wait is over.

SDK357 SDK357
Sep '11

Is the BASF building at 200 Int'l Drive. The Daily Record 9/16/11 reported that site is now leased to Bosal USL auto parts.

mary
Sep '11

I actually heard Obama's Solyndra had bought the place & they have "shovel ready jobs"...

Eagle1
Sep '11

200 International Drive is not the BASF property. 200 is over near Clark Drive.


SDK357, do you have a link to an article that confirms this or is it just a rumor?

Joe M Joe M
Sep '11

No rumor as far as I know.

Just information that has been passed around here. We are moving to Parsippany from what I hear. Either way, it has to be a nicer facility than Wayne.

Sdk357 Sdk357
Oct '11

What's a "Shovel Ready Job?"

SDK357 SDK357
Oct '11

We are pleased to announce that Bayer has signed a contingent purchase agreement for its new BHC US East Coast headquarters. The site is located at 67 Whippany Road in Whippany, NJ - less than 3 miles from Bayer Consumer Care’s Morristown site. It is accessible off Route 10 and is convenient to Routes 287, 24, 46 and 80.

The site is situated on 93 acres of land zoned for a private office complex and has existing vacant office buildings that will be completely retrofitted to suit our specific needs to total 662,000 square feet. This location presents us with a great deal of flexibility and space to create a tailored headquarters office that will meet the future needs of our growing business.

The signing of this agreement is a major milestone in the site selection process. We now enter into the due diligence phase, which includes a number of activities such as title searches, environmental inspections, and a host of other steps that need to take place before we successfully complete that phase of the process. This process can take two months or more to complete.

We are optimistic that the due diligence phase will be completed quickly and successfully to our satisfaction, but as we’ve seen in recent months, a number of things could potentially present challenges to this process. For this reason we are continuing to pursue other options in parallel. The closing on the site will take place after successful completion of due diligence and receipt of construction approvals, at which time we plan a public announcement with the NJ Governor’s office.

In terms of the timing of moves, the negotiation process has clearly taken longer than we had anticipated and depending on when we close, timelines for first moves will need to be adjusted. While we will be in a better position to provide more information on timelines after we complete due diligence, we expect moves to start no earlier than mid-2013.

SDK357 SDK357
Oct '11

and in the news...

http://newjerseyhills.com/mt_olive_chronicle/news/bayer-firm-turns-down-mount-olive-township/article_1877a67a-008f-11e1-bfff-001cc4c03286.html

i guess they have a back up plan for a tenant....

antimony antimony
Oct '11

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