NAIOP New Jersey has announced three Deal of the Year winners ahead of its popular spring gala, with plans to reveal a fourth to the hundreds who will be on hand for the May 14 event.
Inspired by Somerset Development has acquired the Tinton Falls headquarters of cybersecurity firm Commvault, with plans to repurpose the building as a new phase of its landmark Bell Works campus in nearby Holmdel.
Data management giant Commvault is selling and leasing back a fraction of its 275,000-square-foot headquarters in the Tinton Falls section of Fort Monmouth, it said this week.
After four years of redevelopment efforts that focused on only half of the sprawling Fort Monmouth property, a state authority has acquired the remaining 560 acres from the U.S. Army, allowing it to move ahead with projects that are slated for the balance of the site.
