Bell Labs Site to be Sold to French Company

[fgentges at mindspring.com]

Bell Labs,  one of the real producers of electronics technology was in 
Holmdel NJ.  An agreement has been reached on the sale of the site. 
This would have been a good place for AMRAD to use but we just did not 
have the money.

Frank K0BRA

Bells Labs site finds buyer

Holmdel, N.J. (AP)—The historic former Bell Labs site has been sold.

Alcatel-Lucent, the communications technology company that owns the 
473-acre site in Holmdel, N.J., said Tuesday it has reached a deal with 
Somerset Development.

The deal has not closed, and terms have not been disclosed.

The buyer says it wants to keep offices on the property, but may have 
homes or other uses, too.

The Paris-based company says it wants to keep the 2 million-square foot 
glass and aluminum former Bell Labs building at the heart of the purchase.

The building, which went up in 1962, is where cosmic microwave 
background radiation was discovered.

SOURCE Associated Press