Intercontinental Gets Creative

This being awards season, we learned that NAIOP New Jersey honored our own Intercontinental Real Estate Corp. for Creative Deal of Year. The company’s senior acquisitions officer Michael Keyes, here with CEO Peter Palandjian, accepted. Michael (who plays first line center on Intercontinental's hockey team) sourced the deal—the $215M redevelopment of a 730k SF data center at 800 Scudders Rd in Plainsboro into the US HQ for Danish pharma firm Novo Nordisk. Partners in the deal with Intercontinental: Ivy Equities; LCOR, HFF, Newmark Knight Frank, and Cushman & Wakefield. NAIOP says the project created 250 union construction jobs, 500 new permanent jobs, and retained 1,000 existing jobs in NJ.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

Energy Company Opens 125K SF Newton Office: The Boston Deal Sheet

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Davis Looks To Sell 16-Building Beacon Hill, Back Bay Portfolio

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Healey's New Data Center Rules Make Massachusetts A Tough Sell For Developers

Anthropic Doubling Local Presence With Cambridge Office Lease