Index Investing News
Saturday, May 31, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Onyx, Machine Investment Buy 2 MSF R&D Campus

by Index Investing News
February 17, 2023
in Property
Reading Time: 2 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


Image by Jaron Nix via Unsplash

A joint venture between Onyx Equities and Machine Investment Group has acquired Merck Sharp & Dohme’s former world headquarters, a 108-acre Class A life science campus in Kenilworth, N.J. The property encompasses 2 million square feet of biologics, research and development space.

JLL Vice Chairman Dan Loughlin, along with Senior Managing Directors Jose Cruz and Kevin O’Hearn brokered the deal on behalf of Merck, while Onyx’s development team handled the transaction in-house.

According to Onyx’s website, the 10-building campus was completed between 1950 and 2014 and underwent renovations between 2006 and 2016. Over its 120-year history, the site has expanded from a single manufacturing plant to a facility dedicated to research and innovation.

As part of the arrangement, Merck will gradually vacate the historic site over the next few years. The new owners plan to promote the property to biotech, pharmaceutical and tech firms that prioritize access to a skilled workforce in the life science industry and proximity to regional infrastructure and transportation routes.

A fully equipped life science campus

Besides featuring more than 1.4 million square feet of laboratory space, the property also incorporates 500,000 square feet of office space, 30 acres of land that can be developed, a 25-megawatt cogeneration plant, three cafeterias, a fitness center, as well as conference centers and auditoriums, outdoor amenity spaces and more than 3,200 surface and structured parking spots.

The campus is situated at 2000 Galloping Hill Road, providing access to the Garden State Parkway via Exit 138. In addition to the direct interchange, the property is also in close proximity to Route 78, the Route 22 retail corridor, the New Jersey Turnpike, Newark Liberty International Airport and the Port Newark Elizabeth Marine Terminal.


READ ALSO: Life Science Assets Maintain Lasting Appeal


A recent Newmark report reveals that New Jersey has an established reputation as a prominent center for the life science industry, hosting 14 out of the world’s top 20 pharmaceutical companies, as well as eight out of the top 10 research and development firms. Additionally, the area boasts the highest number of biomanufacturing facilities registered with the FDA in the U.S.

According to the same source, despite minimal changes in total employment, the life science industry experienced a notable expansion of 9.3 percent in New Jersey over the last five years. This growth can be attributed to unprecedented levels of funding from both public and private sources, as well as successful partnerships between research universities and private companies.



Source link

Tags: buycampusInvestmentmachineMSFOnyx
ShareTweetShareShare
Previous Post

Some Occupational Licensing Progress at State Level

Next Post

22 Things We Learned from the ‘Pitch Black’ Commentary

Related Posts

Lingerfelt JV Launches Richmond Challenge

Lingerfelt JV Launches Richmond Challenge

by Index Investing News
May 31, 2025
0

Rendering of Constructing 1 at 7 Hills Distribution Middle. Rendering courtesy of Lingerfelt. A three way partnership between Lingerfelt and...

Portland to pay M, give land to Black descendants over razing of Albina neighborhood houses

Portland to pay $2M, give land to Black descendants over razing of Albina neighborhood houses

by Index Investing News
May 31, 2025
0

The town of Portland and its financial growth company can pay a complete of $2 million and switch over two...

Simply Listed | 206 SE Wentworth Drive

Simply Listed | 206 SE Wentworth Drive

by Index Investing News
May 30, 2025
0

STUNNING ST. LUCIE PARK3 Beds | 2 Baths Expertise the perfect mixture of character and comfort on this fantastically renovated...

Historic 0B blockchain deed undertaking launches in New Jersey

Historic $240B blockchain deed undertaking launches in New Jersey

by Index Investing News
May 31, 2025
0

The county has signed a five-year partnership with actual property infrastructure agency Balcony to digitize and tokenize its whole actual...

30+ June Social Media Prompts to Kick Off Summer season

30+ June Social Media Prompts to Kick Off Summer season

by Index Investing News
May 30, 2025
0

Transitional months are when messaging actually issues! Temperatures are rising, holidays are being taken, and automatic OOTO replies are working...

Next Post
22 Things We Learned from the ‘Pitch Black’ Commentary

22 Things We Learned from the 'Pitch Black' Commentary

10 techniques you can use to make your team adjust to change

10 techniques you can use to make your team adjust to change

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

The Enshittification of Amazon Continues…

The Enshittification of Amazon Continues…

October 13, 2023
Relief over Poland missile dents dollar flows; stocks retreat By Reuters

Relief over Poland missile dents dollar flows; stocks retreat By Reuters

November 16, 2022
Should the world press pause on AI?

Should the world press pause on AI?

April 10, 2023
Why Stay in L.A. When You Could Work Remotely from Nantucket?

Why Stay in L.A. When You Could Work Remotely from Nantucket?

June 13, 2023
Warren Buffett Shares: VeriSign Inc.

Warren Buffett Shares: VeriSign Inc.

July 9, 2022
Big Tech promises a utopia, but delivers more takeout than innovation

Big Tech promises a utopia, but delivers more takeout than innovation

May 23, 2023
Bajaj Auto appears to be like to develop electrical car portfolio

Bajaj Auto appears to be like to develop electrical car portfolio

June 13, 2022
New kind of hen flu detected in US dairy cows

New kind of hen flu detected in US dairy cows

February 6, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In