New Jersey Institute Of Technology Leases 25,000 Square Feet At Northeast Science And Technology Center

The property asset involved in this transaction is located at 2000 Galloping Hill Road in Kenilworth, New Jersey, comprising 25,000 square feet dedicated to life sciences. The property is situated within the Northeast Science and Technology (NEST) Center, previously utilized as Merck R&D laboratories.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: Not specified
• Address: 2000 Galloping Hill Road
• Market: Kenilworth
• Landlord: John Saraceno, Jr. - Onyx Equities, Jonathan Schultz - Onyx Equities, Eric Rosenthal - Machine Investment Group, PIVOT Real Estate Partners
• Tenant: Teik C. Lim - New Jersey Institute of Technology (NJIT)

This leasing agreement marks NJIT as the inaugural academic tenant at the NEST Center. The arrangement facilitates access for students and faculty to advanced research capabilities in photonics, biomaterials, environmental science, and sustainable technologies, further establishing a collaborative life sciences and tech hub supported by Onyx Equities, Machine Investment Group, and Pivot Real Estate Partners.