Revlon has chosen to establish their research and development lab at the Northeast Science and Technology (NEST) Center in Kenilworth, NJ. This 100-acre campus was previously home to Merck’s global headquarters. Revlon will occupy a 62,000-square-foot space within the building known as “15 NEST,” which was formerly used by Merck for their own research headquarters.
According to Matthew Flath, Senior Vice President of Asset Management at Onyx Equities who oversees the NEST campus, Revlon’s decision is an exciting step towards creating a dynamic and collaborative innovation ecosystem. With its long-standing reputation in beauty and personal care industries, Revlon adds value to the forward-thinking research environment at NEST. Their presence helps solidify this community as a hub where leading science and technology companies come together to innovate, succeed, and raise industry standards.
The ownership group of Onyx Equities along with Machine Investment Group and Pivot Real Estate Partners were represented by JLL during this transaction while Newmark represented Revlon.
