The former Merck & Co. campus finally has a buyer.
UNICOM Corp., a division of UNICOM Global, announced Thursday it has signed an agreement with Merck Sharpe & Dohme Corp. to purchase the Merck property at Whitehouse Station in the Township of Readington.
The office buildings, totaling approximately 1.24 million square feet, are located on 1,100 acres. Terms of the transaction were not disclosed.
The acquisition is expected to close in October, when the property will be renamed UNICOM Science Park I & II.
"UNICOM is very excited to acquire this world-class IT Real Estate property as our Regional Headquarters for the New York and New Jersey region" said Corry Hong, Founder, President and CEO of UNICOM. "Our commitment to expand and extend our IT Real Estate portfolio and our services for industry leaders, especially those in the Banking, Insurance, Technology, Telecom, Pharmaceutical and BioTech sectors, is reflected in this investment."
News of the company’s intent to purchase the property first was announced in December.
The property, situated off of Route 78, includes a hexagonal, 1 million-square-foot office building.
The company announced it was moving its global headquarters to Kenilworth in 2013, with the campus sitting vacant since 2015. Merck also has locations in Branchburg and Rahway.