BofA in Contract to Sell 12-Building New Jersey Campus

Bank of America Corp. agreed to sell a 12-building office campus in central New Jersey that it inherited from Merrill Lynch & Co., part of the company’s efforts to cut costs.

The property in Hopewell Township, serving about 6,500 employees, went under contract last month and the transaction is expected to be completed by the end of the year, Jennifer Darwin, a spokeswoman for the Charlotte, North Carolina-based bank, said today in a telephone interview. She declined to name the buyer or the price.