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Onyx Equities, Machine Investment Group Acquire NJ Life Sciences and Biotechnology Hub
Onyx Equities and Machine Investment Group have purchased the Northeast Science and Technology (NEST) Center, a research and development campus in New Jercy from Merck.
Located at 2000 Galloping Hill Road, the campus spans over 2 million square feet and looks to become a hub of innovation for the life sciences and biotechnology industries. The NEST Center boasts 1.4 million square feet of laboratory buildings, 30 acres of redevelopment opportunities, 500,000 square feet of Class-A office space, utility infrastructure, and various amenities.
“The biotechnology industry has a high demand for both turnkey and customizable solutions,” said John Saraceno, NEST Center co-founder and managing partner. “Prior to NEST, many health tech companies, especially those in research and development, were forced to wait years for adequate laboratory and workspace. NEST allows those on the cutting edge of medicine to focus on finding cures — rather than an office location.”
