Novartis Closing In On Sale Of Suffern Drugmaking Plant

RAMAPO, N.Y. -- The list of potential buyers for a pharmaceutical plant in Suffern has been winnowed down to two developers and a deal is close, reports lohud.com.

Pharmaceutical Giant Novartis is close to making a deal on its Suffern campus, says a local real estate firm.
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Carol Reif

01/01/2016 6:00 a.m.

Novartis, which is shaking up its drugmaking division, shuttering sites, and planning layoffs, has had its Rockland campus on the market for two years, lohud reported.

A local real estate broker told the media outlet that both developer candidates have industrial or commercial uses in mind for the 125-acre site on Old Mill Road, says lohud.com.

Novartis is also selling two other parcels, which amount to another 38 acres, reports lohud.com.

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