Organon USA sells portion of West Orange headquarters.

Andrew B. Zezas, SIOR, president of Real Estate Strategies Corporation announced that Organon USA, Inc., a long time client of Real Estate Strategies Corporation and a business unit of the Pharma division of Akzo Nobel, NV based in The Netherlands, sold a portion of the Company's former headquarters and pharmaceutical manufacturing facility in West Orange, New Jersey to a private investor group lead by Prism Capital Partners.

The portion of the property that Organon sold included three of its former headquarters buildings totaling approximately 60,000 s/f on 5 acres. 14.5 acres, including a 50,000 s/f office building and a 175,000 s/f former manufacturing building remain available for sale.

"Organon's West Orange facility operated as the company's US headquarters since coming to West Orange in 1960," said Andrew B. Zezas, SIOR.

"As Organon's US business grew, the company expanded and purchased more property in West Orange, including the three building parcel that was recently sold. As a result of the West Orange manufacturing facility closure, Organon relocated certain positions to its Roseland, NJ campus and deemed the property surplus."