Companies Growing with Economy Keep Occupancy High at
West Ridge Corporate Campus.
Bollerman Companies Reports Renewals and Expansions
Tenants at Bollerman Companies West Ridge Corporate Campus in Eatontown are continuing to enjoy growth as the area s business environment continues to benefit from a strong economy.
"We are experiencing a high retention rate with a number of tenants recently renewing their leases and several expanding into additional space," said Jim Bollerman, president of the full-service Red Bank (NJ)-based real estate company with fast-growing development and real estate services capabilities. "Monmouth County is a rapidly growing area and has long been one of the most highly sought after destinations in the country. The area provides strong local markets as well as easy access to metropolitan markets and West Ridge offers good value to our small to mid-sized company tenants."
Mary Beth Priestley, the vice president and manager of brokerage at Bollerman, handled the renewals, which included tenants EDS, Garden State Fire & Security Alarm Inc., Sunnyfield Corp., Amdur, Maggs, McCann, and Caribbean Express Freight.
"In addition, two of our tenants have grown into additional space," Bollerman said. "Addedo expanded its operations to 4,000 square feet while GunnAllen Financial expanded to 6,000 square feet."
West Ridge has a long history of high occupancy, a result of its prime location and the high quality and flexibility of its modern and functional space. On those rare occasions when companies for some reason decide to vacate space before their lease is up the available space fills quickly, as it did recently when Qunitum Technologies Inc. subleased 5,000 square feet of space from Millennium Cell. West Ridge Corporate Campus is located just off of Exit 105 of the Garden State Parkway, providing companies and their employees fast access to major local commuter roads that include Routes 18, 35 and 36 as well rail, bus and air transportation." Newark Liberty International Airport is just 35 minutes away. Train service to Manhattan on the North Jersey Coast Line is available from stations in Long Branch, Little Silver and Red Bank, all within a 10-minute drive of West Ridge.
In addition to the convenience of the Sheraton Hotel directly across Route 35, West Ridge is close to many restaurants, retail establishments and service businesses. The post office is down the street and Fort Monmouth, now being considered for a major non-military redevelopment, is just minutes away. Shoppers have easy access to the Monmouth Mall and the Grove as well as Seaview Square and numerous retail centers along Routes 35 and 36.
"West Ridge Corporate Campus enjoys one of the most convenient locations in the central New Jersey office market, a big draw for our tenants," said Bollerman. "Those interested in the limited remaining space should act quickly." The 114,749-square-foot business park consists of three two-story 12,000-square-foot office buildings and two one-story office flex buildings. The campus sits on more than 11 acres at the entrance to and part of Eatontown Office/Industrial Park, one of the largest, most well-established office and industrial areas in Monmouth County. Formerly known as HOVPARK, West Ridge enjoys a diverse and stable tenant base. Bollerman operates an on-site sales office at West Ridge Corporate Campus.
Founded by Jim Bollerman in 1986, Bollerman Companies, headquartered in Monmouth County, has experienced dramatic growth by offering creative, custom solutions to institutional and high net worth clients. Bollerman Development Corporation develops high quality commercial office, flex and industrial space in Central and Northern New Jersey for its own portfolio and with joint venture partners as well as high-end multi-family residential projects in select New Jersey markets.
Bollerman Real Estate Services provides asset and property management services, leasing services, property acquisitions and dispositions, tenant representation, consulting/advisory services, expert testimony, land management, single asset and portfolio valuation, commercial, industrial, and investment real estate brokerage. Also providing transition and workout services, it is among the few real estate service companies approved by rating agencies to handle commercial mortgage backed securities (CMBS) and conduit loan properties, including non-performing and distressed real estate assets.
For more information concerning leasing opportunities, contact Mary Beth Priestley, Vice President, Manager of Brokerage at 732-458-3261.