Newmark has arranged the $322 million sale of the Northeast Science and Technology Center (NEST), a 107-acre, 2 million-square-foot mixed-use campus in Kenilworth, N.J. The buyer was CoreWeave, a cloud provider specializing in artificial intelligence (AI) infrastructure.
The Newmark team was led by co-head of strategic advisory Andrew Warin and executive vice chairman Josh King, in collaboration with head of data center and digital infrastructure capital markets Brent Mayo and oversight from co-head of U.S. capital markets Doug Harmon and co-head of global debt & structured finance Jordan Roeschlaub, who represented the sellers, Machine Investment Group and Onyx Equities.
“This transaction underscores the accelerating demand for high-powered, well-located sites capable of supporting AI and cloud workloads at scale,” said Harmon. “CoreWeave’s investment in Kenilworth reflects the site’s strategic potential and the market’s appetite for next-generation in
