CoreWeave Acquires NEXT Campus in Kenilworth for $322M

CoreWeave Acquires NEXT Campus in Kenilworth for $322M

Newmark arranged the $322-million sale of the Northeast Science and Technology Center (NEST), a 107-acre, two-million-square-foot mixed-use campus at 2000 Galloping Hill Rd. in Kenilworth, NJ. The Newmark team was led by Andrew Warin and Josh King, in collaboration with Brent Mayo and oversight from Doug Harmon and Jordan Roeschlaub, who represented the sellers, Machine Investment Group and Onyx Equities. The buyer was CoreWeave, a leading cloud…

Newmark: Onyx, MIG sell portion of NEST campus to CoreWeave for $322 million – Real Estate NJ

The Northeast Science and Technology Center at 2000 Galloping Hill Road in Kenilworth spans 2 million square feet across 107 acres. — Courtesy: Newmark By Joshua Burd Onyx Equities and Machine Investment Group have sold a piece of the acclaimed NEST campus in Kenilworth to CoreWeave, the fast-growing cloud provider, in a deal valued at $322 million. Brokers with Newmark represented the sellers in the transaction at the property — formally known …

CoreWeave acquires NEST data center from Onyx JV for $322M

The basics: CoreWeave acquires NEST data center for $322M Former Merck HQ spans 2M sq. ft. and includes 50-MW substation Site offers 36 acres for future redevelopment and AI growth Newmark represented CoreWeave and sellers Onyx and Machine In a shakeup for the sprawling 102-acre campus in Kenilworth, CoreWeave has purchased a data center site at NEST for $322 million. Newmark announced the sale at the 2 million-square-foot Northeast Science and…