Revlon, a global leader in cosmetics and personal care, on Tuesday said it will relocate its New Jersey-based science and innovation (R&D) lab to The Northeast Science and Technology (NEST) Center campus in Kenilworth, a premier 100+ acre campus dedicated to research and development innovations.
“Revlon selected NEST for its existing lab infrastructure, which will help us further amplify our innovation capabilities, and provide a state-of-the-art setting to meet our specific R&D needs,” Lise Jorgensen, Revlon’s chief scientific officer, said. “This substantial investment in our R&D capabilities marks a critical and exciting step in Revlon’s future and reinforces our commitment to develop the most advanced consumer-inspired products for our brands around the world.”
Revlon’s research labs, pilot manufacturing, and office functions will be centralized within a 62,000-square-foot space within the 1.2M SF building now known as 15 NEST, the building that up until recently served as Merck’s global research headquarters. Notably, Revlon will be the first tenant to occupy 15 NEST since Merck’s departure earlier this year.
“Revlon’s decision to join NEST is an exciting step towards our vision of a dynamic, collaborative, innovation ecosystem,” Matthew Flath, Onyx Equities‘ senior vice president Asset Management, who oversees the NEST campus, said. “With their decades-long legacy in beauty and personal care, Revlon complements the forward-thinking research environment at NEST and is helping to establish a community where leading science and technology companies unite to innovate, thrive, and elevate industry standards.”
Revlon’s decision to join NEST comes on the heels of CoreWeave’s recent announcement that it plans to lease 280,000 square feet of space on the campus. Both companies cited NEST’s ideal location and best-in-class lab and utility infrastructure as part of their selection criteria.
JLL represented the ownership group of Onyx Equities, Machine Investment Group, and Pivot Real Estate Partners; and Newmark represented Revlon.
