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Bayer Cements Commitment to NJ, Acquiring 86 Acres Adjacent to East Coast HQ

Vision, Rubenstein JV Sells Vacant Land in Hanover for $18.5M
By Justin Sumner
CoStar News
May 12, 2016 | 2:40 P.M.

Bayer Healthcare has acquired 86 acres of undeveloped land immediately adjacent to its East Coast headquarters (pictured) at 67 Whippany Rd. in Hanover, NJ. Vision Real Estate Partners and Rubenstein Partners LP sold the potential development site in March for $18.5 million, or about $216,000 per acre.

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News | Bayer Cements Commitment to NJ, Acquiring 86 Acres Adjacent to East Coast HQ