Market Overview

Honeywell Will Buy New Global Headquarters in Morris Plains, NJ

Honeywell (NYSE: HON) today announced that it has signed a purchase agreement for a new global headquarters in Morris Plains, N.J. The company's decision is subject to approval of its application with the New Jersey Economic Development Authority (NJEDA) for state incentives under the Grow N.J. Assistance Program.  The company expects the move to occur in 2015.

"This site represents a terrific opportunity for Honeywell," said Rick Kriva, Honeywell's Vice President of Global Real Estate.  "The new building can more than accommodate our current N.J. employee base, allows for future growth, and will enable us to develop a truly world-class global headquarters while staying in Morris County and New Jersey."

Posted-In: News Asset Sales

 

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