Ashland Global Holdings Inc. announced it has completed the sale of Section 1 of the Hercules Redevelopment Plan, approximately 77.8 acres of land located in Sayreville, NJ, to Parlin Section 1 Urban Renewal, LLC, an affiliate of Trammell Crow Company, in a transaction valued at $40 million with net proceeds estimated at $38.5 million. Previously, Ashland communicated that it would sell unutilized land to fund an environmental trust.
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- Ashland Completes Sale of Section 1 Hercules Redevelopment Plan for Land Located in Sayreville, NJ to Parlin Section 1 Urban Renewal, LLC for $40 Million