Listen to this textThe Northeast Science and Technology Center is kickstarting a multimillion-dollar renovation effort at NEST in Kenilworth to boost the life sciences and tech campus.
Onyx Equities LLC, Machine Investment Group and Pivot Real Estate Partners stated Nov. 17 the work will add 75,000 sq. ft of central amenity and customary house to the sprawling property.
Set for the 1.2 million-square-foot 15 NEST constructing, the updates purpose to ascertain a collaborative, modern ecosystem for present and future tenants.
So far, occupants on the increasing NEST roster embrace New Jersey Institute of Technology and Revlon. After initially leasing the whole lot of 11 NEST, cloud computing large CoreWeave then purchased that data center building together with a close-by 27-acre land parcel. Announced in August, the deal got here with a $322 million price ticket.
Situated at 2000 Galloping Hill Road, NEST contains 9 buildings. The greater than 100-acre property options workplace, lab, R&D and assist amenities. Before present possession acquired the site, the Kenilworth campus served as Merck’s headquarters.
Now, it goals to supply in-demand turn-key as well as customizable office, lab and biomanufacturing space.
Setting the stage
According to the Northeast Science and Technology Center, Merck continued working at 15 NEST by way of September 2025 below a post-sale settlement. While that laboratory and biomanufacturing house is cutting-edge, the encircling areas will likely be modernized to match.
The newest renovations will happen in two phases.
Set for completion by mid-2026, the primary will deal with 15 NEST’s central foyer and auditorium. Phase two work will apply to shared areas all through the constructing and is anticipated by the top of 2026.
“NEST was envisioned as a place where world-class science, technology and innovation converge,” stated Onyx Equities Senior Vice President of Asset Management Matthew Flath. “The researchers and organizations that can quickly name this campus residence deserve a facility that displays their ambition.
“With these renovations, we’re setting the stage for an environment that will spark connection, collaboration, and discovery for years to come.”
