Russell Hall, a 42,300-square-foot office building, in the Oceanport section of Fort Monmouth — Courtesy: Colliers International
By Joshua Burd
Colliers International has been tapped to find tenants for a 42,300-square-foot office building at the sprawling Fort Monmouth property, the commercial real estate services firm said.
The brokerage said the Russell Hall building, which sits at 1000 Sanger Ave. in the Oceanport section of the property, is the only multitenant corporate property available for lease at the former base. It formerly housed offices for Army officers.
Colliers’ Doug Twyman, who is based in Colliers’ Princeton office, is heading the assignment, according to a news release. Cloud computing services company TetherView purchased Russel Hall this summer from the state Fort Monmouth Economic Revitalization Authority, initially subleasing the building’s third floor in late 2015 and later completing substantial renovations to position the property as a Class A leasing opportunity.
“This building has a lot of history and a distinct ambiance — and TetherView has stayed true to its original character by restoring the Art Deco theme in the lobby and common areas,” Twyman said. “At the same time, TetherView is incorporating systems and infrastructure to meet the specifications of modern tenants.
“Companies who locate here will benefit from the day-to-day presence of this responsive, on-site owner-manager.”
Twyman is marketing spaces from 2,000 square feet to full floors of 20,000 square feet, the news release said. He said Russell Hall is well-suited for technology and professional service firms, adding that some available suites are already furnished and ready for immediate move-in.
He also said TetherView’s available cloud service enables seamless IT set-up.
“Russel Hall provides the aesthetic benefits of being within the gates of bucolic Fort Monmouth,” Twyman said. “It sits adjacent to the parade grounds, which will remain undeveloped. At the same time, the building offers easy access in and out of the campus.”
The property is close to Garden State Parkway exits 105 and 109, and routes 18, 36 and 35, he said. The Little Silver train station is less than one mile away.
“It is so easy to get here, and the lifestyle is outstanding,” Michael Abboud, TetherView’s owner, said in a prepared statement. “Campus amenities — including housing, fitness and food service — are augmented by abundant area retail. Additionally, a significant percentage of people who live in the region work in Manhattan. Given the opportunity, many would choose to remain local each day.
“That has already proven to be a great recruiting advantage for us at TetherView.”
He said the state authority, the Army and the borough of Oceanport have been integral in TetherView’s efforts to position Russel Hall as a preferred business address.