Nearly 400 commercial real estate leaders came together last week in support of United Way of Northern New Jersey, raising $347,000 as part of a program that honored top industrial broker Rob Kossar along with two high-profile development projects.
New Jersey Institute of Technology is planting a flag at the Northeast Science and Technology Center in Kenilworth, with plans to open a new research hub at the fast-growing campus.
Revlon is heading to Onyx Equities’ Northeast Science and Technology Center in Kenilworth, where it will lease 62,000 square feet for its New Jersey-based research and development hub.
A new $1 billion data center is coming to the Northeast Science & Technology Center — the sprawling former Merck & Co. campus in Kenilworth — where cloud computing firm CoreWeave has signed a long-term lease with Onyx Equities and Machine Investment Group.
Onyx Equities is set to begin renovations at the 2 million-square-foot former Merck & Co. campus in Kenilworth, having teamed with a known life sciences developer to spearhead its plan to upgrade and bring new tenants to the property.
Middlesex and Union counties emerged as key focal points for commercial real estate investors in the first half of 2023, accounting for some $700 million in sales through midyear.
Onyx Equities has revealed new details of its plan for the 2 million-square-foot former Merck & Co. campus in Kenilworth, as it prepares a broad campaign to attract life sciences and biotechnology firms seeking both turnkey space and new ground-up facilities.
Turnkey, high-end life sciences space remains in high demand in New Jersey, creating an opportunity for owners of the state’s few remaining legacy pharmaceutical campuses or those that can find other ways to create new space without building speculatively.
Merck & Co. has sold its 108-acre campus in Kenilworth to a joint venture of Onyx Equities and Machine Investment Group, with plans to lease back the nearly 2 million-square-foot complex while it relocates in phases over the next several years.
An investment group has picked JLL to market five newly acquired office buildings in Parsippany, where the team has closed two new leases totaling nearly 57,000 square feet.
