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Novo Nordisk and Partnership of Ivy Equities, LCOR and Intercontinental RE Corp. Announce Lease Agreement for N.J. Pharmaceutical Company's New U.S. Headquarters
Date:8/1/2011

oro's bright future."

Steven Tolkach of Newmark Knight Frank represented the leasing efforts on behalf of Novo Nordisk. Sovereign/Santander and Wells Fargo banks served as co-agents for the development financing. Holliday Fenoglio Fowler, under the leadership of senior managing director Andrew Scandalios, arranged the joint venture equity and construction financing for the development.

"Today is a tremendous day for New Jersey's economic future," added DiTommaso. "We are creating more than 500 construction jobs, bringing new life to a vacant office building, and retaining a highly regarded pharmaceutical company and its high-paying jobs here in New Jersey. We are proud to be executing on our vision for this remarkable property, and look forward to transforming this building into a vibrant, state-of-the-art corporate headquarters for Novo Nordisk."

About Novo Nordisk

Headquartered in Denmark, Novo Nordisk is a global healthcare company with more than 88 years of innovation and leadership in diabetes care. The company also has leading positions within hemophilia care, growth hormone therapy and hormone replacement therapy. For more information, visit www.novonordisk-us.com.

About Ivy Realty

Ivy Realty was founded in 1996 to acquire commercial real estate in the northeastern United States. Since its inception, Ivy has built a reputation as one of the finest real estate operators in the tri-state market having acquired over $1 billion in commercial real estate assets. Today, Ivy Realty is a full service real estate company offering asset management, property management, accounting, construction and leasing services.

About LCOR

LCOR Incorporated is a national real estate development, investment and management company.  The firm develops multifamily, commercial and mixed-use projects, with specialized expertise in public-private real estate initia
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