[deleted] OP t1_jbdzhgu wrote on March 8, 2023 at 10:50 AM

Reply to comment by JZstrng in Why is Johnson & Johnson still located in NB? by [deleted]

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stickman07738 t1_jbe30xc wrote on March 8, 2023 at 11:35 AM

You need to remember the area was not built up when they started and the Johnson family owned most of the land at that time. It would not surprise me if there was a lease back agreement in place for many of their locations in NJ allowing the family to have continued revenue streams.

BeginningExtent8856 t1_jbe3qs5 wrote on March 8, 2023 at 11:44 AM

They have other locations other than nb in the general area. Also, they own the land and the buildings

iJayZen t1_jbefmui wrote on March 8, 2023 at 1:39 PM

Yes, I worked at a suburban facility West of there many years ago. Why move 30 minutes away?

Longtermthrowaway5 t1_jbe3y4c wrote on March 8, 2023 at 11:46 AM

Yea, but why do so?

stickman07738 t1_jbecofa wrote on March 8, 2023 at 1:14 PM

Revenue and the land has increased substantially in value. If sold, huge capital gains.

Longtermthrowaway5 t1_jbet6eu wrote on March 8, 2023 at 3:18 PM

But then they'd still have to buy a similar amount of land for a new place.not like Princeton or some place similar is any cheaper than new Brunswick.