The local campus, which includes a total of 14 buildings, hadmore than 900 staffers at its peak. The site, which serves as theheadquarters for the company's personal care, ecological servicesand phosphate manufacturing divisions, has already been reduced tosome 650 employees, and another 150 jobs are slated to be cut bythe end of the year, according to company officials.

Company officials also declined to say where Rhodia might bemoving its local operations, or even whether they would state inNew Jersey. Rhodia has locations in a total of 11 other statesbesides New Jersey. Officials also declined to provide detailsabout the pending sale.

The company's local campus has a three-story R&D center asits centerpiece. General Foods was the original occupant of thesite, followed by the parent company of Citgo, which sold it toRhone-Poulenc in 1990.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.