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Cartis diligence evidence schedule

CoreWeave Kenilworth AI Data Center Campus

PRJ-0288 · Site · Kenilworth, New Jersey, United States

Captured 2026-09-06T04:13:20.570Z · Record last updated 2026-08-25

SHA-256: 56010eda317f38bbf82e2c8b4194dc17971de53e9148c83af3e1143a6147fb68

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Scope and capacity

CoreWeave-controlled portion of NEST: NEST 11 conversion plus adjacent expansion land; not the entire former Merck/NEST campus. CoreWeave Kenilworth AI Data Center Campus is in Kenilworth, NJ, US and is a data center campus with under construction status.

Headline: 100 MW Planned / design

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Claims and exhibit sources

Eligible Capital Investment · $1,757,842,000

actual · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 26991 · Review: Approved · Claim date: Not published

  1. Kenilworth Planning Board agenda — CoreWeave subdivision resolution

    Borough of Kenilworth · Document date: 2026-06-23 · Corroborating

    https://www.kenilworthborough.com/AgendaCenter/ViewFile/Agenda/_06232026-306
  2. Kenilworth Planning Board agenda — CoreWeave major subdivision

    Borough of Kenilworth · Document date: 2026-04-28 · Corroborating

    https://www.kenilworthborough.com/AgendaCenter/ViewFile/Agenda/_04282026-299
  3. NJEDA Board Book — CoreWeave Next New Jersey AI award

    New Jersey Economic Development Authority · Document date: 2025-11-12 · Primary

    https://www.njeda.gov/november-12-2025-eda-board-book/
  4. As data center projects surge, can New Jersey keep up?

    NJ Spotlight News · Document date: 2025-10-31 · Corroborating

    https://www.njspotlightnews.org/2025/10/as-data-center-projects-surge-can-nj-keep-up/
  5. CoreWeave acquires NEST data center from Onyx venture for $322 million

    NJBIZ · Document date: 2025-08-01 · Corroborating

    https://njbiz.com/coreweave-acquires-nest-data-center-onyx/
  6. Onyx and Machine sell portion of NEST campus to CoreWeave

    Real Estate NJ · Document date: 2025-08-01 · Corroborating

    https://re-nj.com/newmark-onyx-mig-sell-portion-of-nest-campus-to-coreweave-for-322-million/
  7. Kenilworth Planning Board minutes — CoreWeave data center application 25-003

    Borough of Kenilworth · Document date: 2025-05-15 · Corroborating

    https://www.kenilworthborough.com/AgendaCenter/ViewFile/Minutes/_05152025-248
  8. Kenilworth Planning Board minutes — substation application 25-004

    Borough of Kenilworth · Document date: 2025-04-24 · Corroborating

    https://kenilworthborough.com/AgendaCenter/ViewFile/Minutes/_04242025-246
  9. CoreWeave signs 280,000-square-foot lease at NEST

    Onyx Equities / Machine Investment Group · Document date: 2024-10-28 · Corroborating

    https://www.prnewswire.com/news-releases/coreweave-signs-280-000-sf-lease-at-onyx-and-machines-northeast-science--technology-center-in-kenilworth-302289222.html

Current Project Area · 392,600 square feet

actual · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 26992 · Review: Approved · Claim date: Not published

  1. NJEDA Board Book — CoreWeave Next New Jersey AI award

    New Jersey Economic Development Authority · Document date: 2025-11-12 · Primary

    https://www.njeda.gov/november-12-2025-eda-board-book/

Renovation Area · 284,500 square feet

actual · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 26993 · Review: Approved · Claim date: Not published

  1. NJEDA Board Book — CoreWeave Next New Jersey AI award

    New Jersey Economic Development Authority · Document date: 2025-11-12 · Primary

    https://www.njeda.gov/november-12-2025-eda-board-book/

New Construction Area · 108,100 square feet

actual · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 26994 · Review: Approved · Claim date: Not published

  1. NJEDA Board Book — CoreWeave Next New Jersey AI award

    New Jersey Economic Development Authority · Document date: 2025-11-12 · Primary

    https://www.njeda.gov/november-12-2025-eda-board-book/

Affiliate Lease Term · 15 years

actual · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 26996 · Review: Approved · Claim date: Not published

  1. NJEDA Board Book — CoreWeave Next New Jersey AI award

    New Jersey Economic Development Authority · Document date: 2025-11-12 · Primary

    https://www.njeda.gov/november-12-2025-eda-board-book/

Construction Start · 2025-09-15

actual · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 26997 · Review: Approved · Claim date: Not published

  1. NJEDA Board Book — CoreWeave Next New Jersey AI award

    New Jersey Economic Development Authority · Document date: 2025-11-12 · Primary

    https://www.njeda.gov/november-12-2025-eda-board-book/

New Full Time Jobs · 143 jobs

actual · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 26998 · Review: Approved · Claim date: Not published

  1. NJEDA Board Book — CoreWeave Next New Jersey AI award

    New Jersey Economic Development Authority · Document date: 2025-11-12 · Primary

    https://www.njeda.gov/november-12-2025-eda-board-book/

Next Nj Tax Credit Award · $250 million

actual · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 26999 · Review: Approved · Claim date: Not published

  1. NJEDA Board Book — CoreWeave Next New Jersey AI award

    New Jersey Economic Development Authority · Document date: 2025-11-12 · Primary

    https://www.njeda.gov/november-12-2025-eda-board-book/

Real Estate Acquisition Price · $322 million

actual · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 27001 · Review: Approved · Claim date: 2025-08-01T00:00:00+00:00

  1. CoreWeave acquires NEST data center from Onyx venture for $322 million

    NJBIZ · Document date: 2025-08-01 · Primary

    https://njbiz.com/coreweave-acquires-nest-data-center-onyx/
  2. Onyx and Machine sell portion of NEST campus to CoreWeave

    Real Estate NJ · Document date: 2025-08-01 · Corroborating

    https://re-nj.com/newmark-onyx-mig-sell-portion-of-nest-campus-to-coreweave-for-322-million/

Nest11 Reported Existing Capacity · 42 MW

Planned / design or future potential · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 27002 · Review: Approved · Claim date: Not published

Headline treatment: Separate claim, not added to the headline

  1. Onyx and Machine sell portion of NEST campus to CoreWeave

    Real Estate NJ · Document date: 2025-08-01 · Primary

    https://re-nj.com/newmark-onyx-mig-sell-portion-of-nest-campus-to-coreweave-for-322-million/

Adjacent Future Expansion Capacity · 100 MW

Planned / design or future potential · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 27004 · Review: Approved · Claim date: Not published

Headline treatment: Selected headline

  1. Onyx and Machine sell portion of NEST campus to CoreWeave

    Real Estate NJ · Document date: 2025-08-01 · Primary

    https://re-nj.com/newmark-onyx-mig-sell-portion-of-nest-campus-to-coreweave-for-322-million/

Backup Generator Count · 31 generators

actual · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 27006 · Review: Approved · Claim date: Not published

  1. Kenilworth Planning Board minutes — CoreWeave data center application 25-003

    Borough of Kenilworth · Document date: 2025-05-15 · Primary

    https://www.kenilworthborough.com/AgendaCenter/ViewFile/Minutes/_05152025-248

Chiller Count · 29 chillers

actual · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 27007 · Review: Approved · Claim date: Not published

  1. Kenilworth Planning Board minutes — CoreWeave data center application 25-003

    Borough of Kenilworth · Document date: 2025-05-15 · Primary

    https://www.kenilworthborough.com/AgendaCenter/ViewFile/Minutes/_05152025-248

Water Tank Count · 4 tanks

actual · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 27008 · Review: Approved · Claim date: Not published

  1. Kenilworth Planning Board minutes — CoreWeave data center application 25-003

    Borough of Kenilworth · Document date: 2025-05-15 · Primary

    https://www.kenilworthborough.com/AgendaCenter/ViewFile/Minutes/_05152025-248

Major Subdivision Is Capacity Event · False

Source report · CoreWeave Kenilworth AI Data Center Campus (project)

Claim 27010 · Review: Approved · Claim date: Not published

  1. Kenilworth Planning Board agenda — CoreWeave subdivision resolution

    Borough of Kenilworth · Document date: 2026-06-23 · Corroborating

    https://www.kenilworthborough.com/AgendaCenter/ViewFile/Agenda/_06232026-306
  2. Kenilworth Planning Board agenda — CoreWeave major subdivision

    Borough of Kenilworth · Document date: 2026-04-28 · Primary

    https://www.kenilworthborough.com/AgendaCenter/ViewFile/Agenda/_04282026-299

Counterparties and capital

CoreWeave · Developer, Operator · CMP-0099

CW Grosbeaks NEST Urban Renewal LLC · Developer · CMP-0783

CW NEST Tenant LLC · Tenant · CMP-0775

Kenilworth Planning Board · Government Authority · CMP-0780

New Jersey Economic Development Authority · Government Authority · CMP-0781

Public Service Electric & Gas · Utility Provider · CMP-0779

Real Estate Acquisition Consideration

$322,000,000 · 2025-08-01

Purchase of NEST 11 and adjacent 27 acres; separate from construction capex and tax credit.

CoreWeave (Buyer; Affiliate Ownership Structure) · Machine Investment Group (Seller; Former Landlord) · Newmark (Seller Broker) · Onyx Equities (Seller; Former Landlord)

Financing record 72; claim-specific source links appear in the exhibit sources where published.

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