New Jersey’s Northeast Science and Technology Center Announces Next Phase of Campus Development
The Northeast Science and Technology (NEST) Center in New Jersey is set to become a major biotech hub as it enters its next phase of development. The strategic partnership between Onyx Equities, Outshine Properties, and Machine Investment Group aims to transform the NEST Center into the epicenter of the biotech world. The partnership will focus on renovating and leasing the campus, paving the way for life sciences and biotechnology leasing and innovation.
The NEST Center already stands as one of the nation’s premier life science facilities, boasting 2 million square feet of existing facilities, including state-of-the-art laboratories and biomanufacturing facilities, office space, and redevelopment opportunities. The campus offers a unique environment that caters to the specialized needs of cutting-edge research, such as cell, gene, and immunotherapy. In addition, the campus is equipped with robust utility infrastructure capable of supporting advanced data storage and processing capabilities, allowing organizations to leverage technologies like artificial intelligence for their research and development.
The campus renovations will begin with the 280,000-square-foot pilot research and development plant, known as 11 NEST, which will be specifically tailored to meet the needs of life science companies, particularly those engaged in biomanufacturing. This expansion will further enhance the NEST Center’s ability to attract innovative companies and drive global research and development.
Jonathan Scheinberg, Managing Principal and Founder of Outshine Properties, noted the unparalleled quality of the facilities at NEST, which were originally built by Merck. The partnership between Onyx Equities, a leading commercial real estate organization, and Outshine Properties, a real estate industry leader in life sciences assets, will ensure that the campus is ready to support the world’s most innovative companies in their pursuit of groundbreaking research and development.
The NEST Center’s commitment to fostering innovation extends beyond its physical space. The campus aims to become a vibrant ecosystem where ideas flourish and translate into real-world solutions. It will serve as a hub for startup incubation, educational research, and talent acquisition from regional colleges and universities. The NEST Center is not just a space, but a paradigm shift that will drive excellence and ingenuity in education, entrepreneurship, and employment.
To showcase its transformation into a hub of research and innovation, the NEST Center will host its first-ever life science conference in partnership with Bisnow. The conference will bring together life science real estate professionals for transformative discussions and unparalleled insights, setting the stage for exploration of innovation within the life sciences industry.
The Northeast Science and Technology Center, conveniently located in Kenilworth, NJ, is purpose-built and zoned for life science innovation. As the former global headquarters of Merck, the campus is primed for immediate use by life science companies, offering turn-key and customizable office, laboratory, and biomanufacturing space. With its extensive expertise and successful track record, Outshine Properties is well positioned to capitalize on the rapid growth of the life science industry.
The NEST Center’s evolution into a biotech hub represents an exciting development for the Northeast region of the United States. As the campus continues to attract innovative companies and foster groundbreaking research, it is bound to make significant contributions to the field of life sciences and beyond.
Analyst comment
Positive news. The partnership between Onyx Equities, Outshine Properties, and Machine Investment Group will transform the NEST Center into a major biotech hub. Renovations and leasing will attract innovative companies and drive global research. The campus will serve as a vibrant ecosystem for startup incubation, research, and talent acquisition. The NEST Center’s evolution into a biotech hub will make significant contributions to the field of life sciences.
