The Herrick Company’s Purchase of AT&T Research Center in NJ

Norton Herrick

As CEO and chairman of Herrick Company, Inc., Norton Herrick leads a diversified investment firm that has undertaken hundreds of major real estate acquisitions spanning the United States. In all, Norton Herrick and his team have executed approximately $4 billion in transactions, including the May, 2013, purchase of the 1-million-square-foot AT&T Research Center in Middletown, New Jersey. Beyond real estate, Norton Herrick supports progressive nonprofit causes and organizations, such as People for the American Way.

The Middletown roots of AT&T and its successor Lucent Technologies extend half a century, with the office and research space under a long-term 95-year lease. The purchase of the four-building campus is part of a larger acquisition of a group of properties valued at $650 million, which includes more than three dozen Motel 6 properties and 19 CVS Caremark locations. Also part of the real estate deal are Yale Cancer Support based in New Haven, Connecticut, and the corporate headquarters and 23 retail bank branches under Old National Bank lease. Many of these properties are considered viable for redevelopment, with a nearby Bell Labs facility in Holmdel that closed in 2006 having been transformed into a mixed-use town center.

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About nortonherrick

Norton Herrick, The Chief Executive Officer And Chairman Of An Investment Firm With Offices In Four States, Has Enjoyed A Considerable Amount Of Success Over The Span Of His Career. Since Forming The Herrick Company, Inc., He Has Closed Transactions Totaling Over $4 Billion, Primarily In Real Estate.
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