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CoreWeave has paid $322 million for a 2 million-square-foot mixed-use campus in Kenilworth, N.J., according to Yardi Research Data. The seller of the nine-building property, dubbed Northeast Science and Technology Center, was Onyx Equities.

The asset previously traded for $187.5 million in 2023, when Onyx Equities, in a joint venture with Machine Investment Group, purchased it from Merck.

Roughly a year after the 2023 acquisition, the now-sellers announced plans to redevelop the former Merck headquarters campus into a biotechnology hub with industrial, lab, office and R&D space. The buildings within NEST were completed between 1950 and 2014, and underwent renovations between 2006 and 2016.