{"id":1004738280,"date":"2024-11-22T03:19:42","date_gmt":"2024-11-22T11:19:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004738280"},"modified":"2024-11-22T07:14:48","modified_gmt":"2024-11-22T15:14:48","slug":"revlon-relocates-new-jersey-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/revlon-relocates-new-jersey-hq\/","title":{"rendered":"Revlon Relocates New Jersey HQ"},"content":{"rendered":"\n<p>Revlon is taking its science and innovation lab to The Northeast Science and Technology Center, a 100+ acre campus in Kenilworth, N.J., dedicated to research and development innovations.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Northeast-Science-and-Technology-Center.jpg\"><img decoding=\"async\" data-attachment-id=\"1004702395\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rd-facility-to-kick-off-1st-phase-of-nj-life-science-hub\/the-northeast-science-and-technology-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Northeast-Science-and-Technology-Center-e1753865635580.jpg\" data-orig-size=\"801,601\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The-Northeast-Science-and-Technology-Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Northeast Science and Technology Center will be a prime location for startup incubation and educational research. Image courtesy of TMRW and HOK&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Northeast-Science-and-Technology-Center-e1753865635580.jpg?w=801\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Northeast-Science-and-Technology-Center.jpg?w=801\" alt=\"The Northeast Science and Technology Center\" class=\"wp-image-1004702395\" style=\"width:400px\"\/><\/a><figcaption class=\"wp-element-caption\">The Northeast Science and Technology Center will be a prime location for startup incubation and educational research. <em>Image courtesy of TMRW and HOK<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The in-state move brings it to 2000 Galloping Hill Road, about 9 miles southwest of Newark, N.J. It will be in a 62,000-square-foot space within the 1.2 million-square-foot building known as 15 NEST.<\/p>\n\n\n\n<p>It is replacing the previous tenant, Merck, and is the first tenant there since Merck left. In October, Merck opened its new <a href=\"https:\/\/www.commercialsearch.com\/news\/merck-opens-317m-biosafety-facility-in-rockville\/\">$317.2 million biosafety testing facility<\/a> in Rockville, Md.<\/p>\n\n\n\n<p>Revlon said the facility\u2019s existing lab infrastructure was a key attraction.<\/p>\n\n\n\n<p>JLL represented the ownership group of Onyx Equities, Machine Investment Group and Pivot Real Estate Partners, and Newmark represented Revlon.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/will-cre-market-conditions-improve\/\">Will CRE Market Conditions Improve?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>AI data center hyperscaler CoreWeave recently announced it plans to lease 280,000 square feet of space on the <a href=\"https:\/\/www.commercialsearch.com\/news\/rd-facility-to-kick-off-1st-phase-of-nj-life-science-hub\/\">NEST campus<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-new-jersey-s-lab-space-demand\">New Jersey&#8217;s lab space demand<\/h2>\n\n\n\n<p>Newmark\u2019s third-quarter life science market report for Northern New Jersey shows that 14 of the top 20 pharma companies and eight of the top 10 R&amp;D companies are in the state. The market comprises 12.4 million square feet.<\/p>\n\n\n\n<p>\u201cAvailable lab space is limited despite new vacancies, and current demand for space exceeds 1 million square feet,\u201d according to the report.<\/p>\n\n\n\n<p>After a 10-year run of positive net absorption, the lab\/R&amp;D market is <a href=\"https:\/\/www.commercialsearch.com\/news\/demand-for-lab-space-hits-10-year-low\/\">destined to break that streak<\/a> in 2024, according to Avison Young\u2019s life science report for the first half of 2024.<\/p>\n\n\n\n<p>Meanwhile, JLL\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/life-science-prospects-are-looking-up-jll\/\">2024 life sciences property report<\/a> showed the cycle of softening lab demand has moderated. Most of this uptick in demand is concentrated in the top three markets, including Greater Boston.<\/p>\n\n\n\n<p>Nonetheless, the HELIX project is New Jersey\u2019s largest investment in life sciences and medical education. It is scheduled for delivery in the third quarter of 2026. The 570,000-square-foot property is in New Brunswick.<\/p>\n\n\n\n<p>Construction is also underway at the 400,000-square-foot BeiGene manufacturing campus in Pennington. It is set to deliver in the first quarter of 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm is taking space within a 100-acre campus.<\/p>\n","protected":false},"author":3568,"featured_media":1004702395,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,10,21747],"tags":[33022,32796,50999,33745],"class_list":["post-1004738280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-latest","category-northeast","category-office","tag-avison-young","tag-jll","tag-newmark","tag-onyx-equities-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Revlon Relocates New Jersey HQ - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Revlon is taking its science and innovation lab to The Northeast Science and Technology Center, a 100+ acre campus in Kenilworth, N.J.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/revlon-relocates-new-jersey-hq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Revlon Relocates New Jersey HQ\" \/>\n<meta property=\"og:description\" content=\"Revlon is taking its science and innovation lab to The Northeast Science and Technology Center, a 100+ acre campus in Kenilworth, N.J.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/revlon-relocates-new-jersey-hq\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-22T11:19:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-22T15:14:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Northeast-Science-and-Technology-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"801\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Richard Berger\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/revlon-relocates-new-jersey-hq\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/revlon-relocates-new-jersey-hq\/\",\"name\":\"Revlon Relocates New Jersey HQ - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/revlon-relocates-new-jersey-hq\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/revlon-relocates-new-jersey-hq\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Northeast-Science-and-Technology-Center-e1753865635580.jpg\",\"datePublished\":\"2024-11-22T11:19:42+00:00\",\"dateModified\":\"2024-11-22T15:14:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6d4c5f1b2f682b3604ad9fe73c19fed7\"},\"description\":\"Revlon is taking its science and innovation lab to The Northeast Science and Technology Center, a 100+ acre campus in Kenilworth, N.J.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/revlon-relocates-new-jersey-hq\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/revlon-relocates-new-jersey-hq\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/revlon-relocates-new-jersey-hq\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Northeast-Science-and-Technology-Center-e1753865635580.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Northeast-Science-and-Technology-Center-e1753865635580.jpg\",\"width\":801,\"height\":601,\"caption\":\"The Northeast Science and Technology Center will be a prime location for startup incubation and educational research. 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