Newmark is pleased to announce the success of the recent office-leasing initiative at Monmouth Executive Center. The new ownership, represented by Newmark Managing Director Adam Silver and Director Robert Loderstedt, has recently developed a new amenity center at the 237,000-square-foot complex and has leveraged these recent upgrades to achieve consistent leasing success in recent months.
Located at 100 Willowbrook Road and 2, 3 and 4 Paragon Way in Freehold, New Jersey, the property features four single-story buildings in a campus setting with well- landscape grounds complimented by a newly upgraded courtyard. The prime Central New Jersey location has been enhanced by new, high-end amenities, including a tenant lounge with a mini-mart food cafe, conference center, fitness center with showers and lockers and newly renovated common areas.
In just the past 24 months, more than 88,000 square feet have been leased to an impressive tenant list that includes Cherry Weber & Associates, Schweiger Dermatology Group, Roundarch Isobar, Cores and Associates and Donohue Law Firm. There are currently 55,000 square feet of rentable office space available, including a 20,000-square-foot unit for a company looking to create a major presence in New Jersey.
Commuter-friendly, the site is ideally located at a four-way interchange of the Route 33 bypass and Halls Mill Road, providing quick and easy access to Routes 9, 18 and 537 as well as I-195, which connects commuters directly to the New Jersey Turnpike and Garden State Parkway.
“Monmouth Executive Center is unlike any other office complex in western Monmouth County, with brand-new amenities, a generous floor-to-window ratio, new exterior tenant directories and an attractive campus setting,” said Mr. Silver. “the new owner has been enhancing its tenant’s workday experience with the new amenities and upgrades making the campus uniquely stand out on the Shore and Monmouth County.”
“We are even scheduling yoga and Zumba classes for tenants,” said Mr. Loderstedt. “But at the end of the day, it isn’t just about amenities. The site makes great business sense, as its proximity to major transportation routes, skilled labor and area amenities will support consistent success for its tenants.”
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com. Newmark Group is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”) (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets.
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