Neuer, Cruz &Patel secure the sale on behalf of the seller
Tinton Falls, NJ — JLL Capital Markets has closed the $14.75 million sale of 100 Tormee Dr., a 90,008 s/f office building in Tinton Falls.
JLL marketed the property on behalf of the seller and procured the buyer, Rockford Holdings.
100 Tormee Dr. is located in the heart of Monmouth County, an affluent area along the coast in central New Jersey. The 8.65-acre site is positioned just off of the Garden State Pkwy., which is the primary north south thoroughfare providing access to Manhattan and the greater Tri-State area. Additionally, the property is in an amenity rich location offering shopping at the Monmouth Mall or Jersey Shore Premium Outlets, walkable downtown areas in nearby Asbury Park and Red Bank and access to Monmouth University, a private university ranked among the top universities in the Northern region.
Completed in 2001, the building has been fully leased since completion due to its unique infrastructure including heavy power and fiber connectivity.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by senior managing directors Jeremy Neuer and Jose Cruz and senior analyst Pranav Patel.
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