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Lotte Biologics, in Market’s Biggest Deal of Century, Buys Bristol Myers Squibb Campus in Syracuse, New York

Drug Production Property Sells for $160 Million
Lotte Biologics bought Bristol Myers Squibb’s campus in Syracuse, New York. (Lotte Biologics)
Lotte Biologics bought Bristol Myers Squibb’s campus in Syracuse, New York. (Lotte Biologics)
CoStar News
January 4, 2023 | 5:00 P.M.

South Korea’s newly formed Lotte Biologics bought Bristol Myers Squibb’s multibuilding biopharmaceutical production facility in Syracuse, New York, for $160 million, in the largest commercial real estate deal on record in the market this century.

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