AT&T Sells Basking Ridge, New Jersey, Facility to Pharmacia.Business & Technology Editors AT&T announced today that it has closed the transaction for the sale of its New Jersey headquarters facility to Pharmacia Pharmacia was founded in 1911 in Stockholm, Sweden. The pharmaceutical company moved to Uppsala, Sweden in 1951. In 1967 Pharmacia Fine Chemicals was established in Uppsala. In 1986 Pharmacia Fine Chemicals acquired LKB-produkter AB and changed name to Pharmacia Biotech. Corporation. Under the terms of the sale announced in April, Pharmacia paid $200 million for the facility, located on 140 acres adjacent to Interstate in·ter·state adj. Involving, existing between, or connecting two or more states. n. One of a system of highways extending between the major cities of the 48 contiguous United States. Noun 1. 287 in Somerset County, New Jersey Somerset County is a county located in the U.S. state of New Jersey. As of 2000, the population was 297,490. It is part of the New York Metropolitan Area. Its county seat is Somerville6. Somerset County has the seventh-highest per capita income of any U.S. . The transaction includes approximately 1.3 million square feet of office space and the AT&T Learning Center, a conference center on the Basking Ridge site with 171 rooms for overnight accommodation. AT&T will continue to occupy the facility until November November: see month. 2002 and is consolidating its offices in existing nearby AT&T locations in New Jersey. |
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