Alcatel-Lucent has buyer for former Bell Labs property in Holmdel

Source: Asbury Park Press

NJBIZ STAFF//February 24, 2012//

Source: Asbury Park Press

NJBIZ STAFF//February 24, 2012//

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Alcatel-Lucent and a Florida-based company signed a purchase agreement for the former Bell Labs property on Thursday. Elsie Sterling Oversight LLC is in the beginning stages of determining the best future use for the 473-acre property, said John Boyd, director of MBI Project Management, a Florida-based company that is overseeing the…Alcatel-Lucent and a Florida-based company signed a purchase agreement for the former Bell Labs property on Thursday. Elsie Sterling Oversight LLC is in the beginning stages of determining the best future use for the 473-acre property, said John Boyd, director of MBI Project Management, a Florida-based company that is overseeing the effort. He declined to identify the purchase price.