ROCKAWAY TWP., NJ-The vacant, 107-acre former headquarters campus of Agilent Technologies here could find religion soon. An organization called Christ Church is said to be talking to the company about buying the property on I-80 for use as its new headquarters and main sanctuary.

The property has been vacant since Agilent, which designs and makes electronic and other monitoring instruments and systems, moved to Palo Alto, CA. The church, meanwhile, is currently based in Montclair, NJ.

No details of the potential sale, including a possible price, have been released. But according to a published report, Christ Church has big plans for the site, including converting the 60 acres occupied by existing buildings in a church headquarters, school facilities and a sanctuary. The rest of the site, according to reports, would be left as open space or converted into recreational facilities.

The potential sale has raised concerns among local officials, according to reports, centered on potential traffic congestion and on tax revenues. According to officials, the property accounts for 2% of this township’s tax base, but as a church-owned property would be tax-exempt.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.