Revlon Relocates R&D Lab to Boost Innovation at NEST Center

Revlon Relocates R&D Lab to Boost Innovation at NEST Center

Revlon, a prominent name in the cosmetics and personal care industry, has made an exciting announcement regarding the relocation of its research and development (R&D) lab to a state-of-the-art facility at the Northeast Science & Technology (NEST) Center. This significant move underscores Revlon’s commitment to innovation and product development in a competitive market.

Enhanced Research Capabilities at NEST

The NEST Center is renowned for its expansive 100+ acre campus dedicated to fostering research and innovation. Revlon has chosen this location for its existing laboratory infrastructure, which supports the company's aims of amplifying its innovation process. The company plans to centralize its R&D functions into a 62,000-square-foot space within the 1.2 million square foot building known as 15 NEST, solidifying its operations in one centralized location.

Leading the Charge in Innovation

Lise Jorgensen, Chief Scientific Officer at Revlon, expressed enthusiasm about the relocation, stating that the NEST facility offers the advanced capabilities necessary for driving cutting-edge consumer products. This move not only enhances Revlon’s R&D functions but also marks a pivotal investment in the company’s future, showcasing their dedication to providing high-quality and advanced beauty products.

Collaborative Ecosystem for Growth

Matthew Flath, Senior Vice President of Asset Management at Onyx Equities, emphasized the exciting implications of Revlon joining the NEST community. With a legacy deeply rooted in beauty and personal care, Revlon is poised to thrive in this collaborative and innovative environment. The presence of Revlon at NEST further establishes a community where leading companies can unite to innovate and elevate industry standards.

Recent Developments at NEST

The announcement of Revlon’s move follows another significant development at NEST. CoreWeave has also committed to leasing a considerable amount of space on the campus, indicative of NEST's growing reputation as a premier destination for research and innovation. The decision by both companies highlights the NEST Center’s ideal locale and exceptional lab infrastructure.

Strategic Partnerships and Future Outlook

JLL served as the representative for Onyx Equities, Machine Investment Group, and Pivot Real Estate Partners during the transaction, while Newmark facilitated the transition for Revlon. Moving forward, NEST is poised to continue its growth, welcome new companies, and provide them with the necessary resources to succeed in their innovative pursuits.

About NEST Center

NEST encompasses a vision focused on ensuring immediate accessibility to customizable spaces designed for life sciences. For more than just office space, the NEST Center aims to cater to the full spectrum of scientific inquiry and development. Its strategic location supports startups and established companies alike, affirming both its mission and impact within the industry.

About Revlon

Founded with a revolutionary spirit in color cosmetics, Revlon has evolved into one of the leading global beauty companies. With a diverse portfolio that spans several iconic brands, including Elizabeth Arden and Almay, Revlon continues to push the boundaries of product innovation. The company remains committed to delivering glamour and sophisticated products across retail channels worldwide.

Frequently Asked Questions

1. What prompted Revlon to relocate its R&D lab?

Revlon aimed to enhance its innovation capabilities by moving to a facility with better lab infrastructure.

2. What is the NEST Center?

The NEST Center is a 100+ acre campus dedicated to research and development in the life sciences.

3. How large is the space Revlon is moving into?

Revlon is relocating to a centralized 62,000-square-foot space within the NEST Center.

4. Who else is joining the NEST Center?

CoreWeave is also leasing significant space at the NEST Center, showcasing its appeal.

5. What is Revlon’s legacy in the beauty industry?

Revlon has a long-standing reputation as a color authority and continues to innovate in the beauty sector.

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