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Merck to Move Headquarters to Summit

The Summit location was selected as the site for Merck’s new headquarters because it is a strategic, multi-use site with excess work-space capacity and is adjacent to major transportation hubs and desirable urban centers.

Editor's Note: The following is a press release from Merck

Merck today announced plans to move the company's global headquarters within the state from Whitehouse Station, N.J. to its existing property in Summit, which currently houses research, manufacturing, animal health and consumer care operations and is home to 1,800 people. The company will close its current headquarters building in Whitehouse Station, N.J. The transition process is expected to begin in 2014 and be completed in mid-2015.

The headquarters relocation is part of the company's ongoing program to consolidate its global real estate footprint and lower its annual operating expenses, following its merger with Schering Plough in 2009.

The Summit location was selected as the site for Merck’s new headquarters because it is a strategic, multi-use site with excess work-space capacity and is adjacent to major transportation hubs and desirable urban centers.

"The relocation of our headquarters will help us achieve our future vision, reduce the size of our operating footprint, and increase agility as we adapt to our changing business environment," said Kenneth C. Frazier, chairman and chief executive officer of Merck.

About 2,000 employees and contractors currently situated at the Whitehouse Station global headquarters building either will move to the new facilities in Summit or to other nearby facilities such as those in Branchburg and Cokesbury.

Merck has been headquartered in Whitehouse Station since 1992. Prior to that, the company was headquartered in Rahway, N.J.

About Merck

Today's Merck is a global healthcare leader working to help the world be well. Merck is known as MSD outside the United States and Canada. Through our prescription medicines, vaccines, biologic therapies, and consumer care and animal health products, we work with customers and operate in more than 140 countries to deliver innovative health solutions. We also demonstrate our commitment to increasing access to healthcare through far-reaching policies, programs and partnerships. For more information, visit www.merck.com and connect with us on Twitter, Facebook and YouTube.

AStar Gazer October 10, 2012 at 02:09 PM
Real property values in Summit will soar, as demand for its houses will create a seller's market, driving values up in the short run by at least 15%.

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