CoreWeave pays $322M for slice of NJ campus in AI-fueled data center play
CoreWeave dropped $322 million to gain a major foothold in New Jersey’s suburban data center scene, acquiring a portion of the Northeast Science and Technology Center from Onyx Equities and Machine Investment Group. The sale includes a 281,000-square-foot facility at 2000 Galloping Hill Road in Kenilworth and 27 adjacent acres, where CoreWeave is expected to build another 100 megawatts of capacity, Real Estate NJ reported. The site is part of a 108-acre, 2-million-square-foot former Merck campus that Onyx and MIG have spent the past two years repositioning as a high-powered research and innovation hub. Onyx and MIG bought the campus […]This article originally appeared on The Real Deal. Click here to read the full story.
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