Demand for quality space rises in Monmouth County.Demand continues for quality office space in Monmouth County, New Jersey Monmouth County is a county located in the U.S. state of New Jersey, within the New York metropolitan area. As of the 2000 Census, the population is 615,301. Its county seat is Freehold Borough6. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cushman & Wakefield of New Jersey, Inc. The third smallest office market in northern and central New Jersey, Monmouth County has the state's second lowest vacancy rate, at 6.4 percent. Within this context, Jerry Richter, senior director at Cushman & Wakefield of New Jersey, has recently completed nearly 63,000 square feet in real estate transactions in the county. Benchmark Associates, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control purchased 145 Wyckoff Road in Eatontown, NJ from 202 Circle Associates/The Vizzoni Group. Richter represented the buyer and has since been named exclusive leasing agent for the 49,810 square-foot office property. Benchmark Associates is upgrading the property to bring it to Class A status, including a total restoration and modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, of the building's atrium atrium (ā`trēəm), term for an interior court in Roman domestic architecture and also for a type of entrance court in early Christian churches. The Roman atrium was an unroofed or partially roofed area with rooms opening from it. lobby. Formerly occupied by a single user, the three-story structure will accommodate full- and partial-floor tenants upon completion of the renovation. Richter also orchestrated or·ches·trate tr.v. or·ches·trat·ed, or·ches·trat·ing, or·ches·trates 1. To compose or arrange (music) for performance by an orchestra. 2. two new, long-term leases at The Donato Group's 12 Christopher Way in Eatontown, NJ, where he also serves as exclusive leasing agent. Acrotron Systems Inc., a telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. software developer, leased 7,345 square feet for its executive and sales offices, relocating from another site in Monmouth County. In addition, Horizon Hotels, a hospitality management company, leased 5,786 square feet for its executive offices, also relocating from another Monmouth County location. The 80,000 square-foot 12 Christopher Way building is part of the Donato High-Tech Park, an office campus which will include six structures totaling approximately 400,000 square feet upon completion. "Competitive rental rates and a large labor pool of hightech engineers living in the area have created a strong demand for quality space in Monmouth County during the past year," Richter noted. "With an inventory of just 6.9 million square feet and just 442,019 square feet available, the market has become extremely tight," he added. "As a result, Class A upgrades like the one underway at 145 Wyckoff Road, and new construction projects like Donato High-Tech Park, are creating new opportunities to accommodate users looking to establish in the region." |
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