Colliers International Group Inc. announced Thursday it has been named the exclusive marketing agent for Russel Hall in Oceanport.
The iconic 42,300-square-foot office building located at 1000 Sanger Ave. is the only multitenant corporate property within Fort Monmouth, Colliers said.
Colliers’ Doug Twyman is leading the marketing assignments. He is based out of the firm’s Princeton office.
According to Colliers, TetherView, a cloud computing services company, purchased Russel Hall this summer from the Fort Monmouth Economic Revitalization Authority. The company originally subleased the building’s third floor and then began renovations to position the property under the Class A designation.
“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 in a statement. “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 said the property is particularly suitable for technology and professional services firms. Spaces from 2,000 to 20,000 square feet to full floors are being marketed at Russel Hall.
“Russel Hall provides the aesthetic benefits of being within the gates of bucolic Fort Monmouth,” Twyman said in a statement. “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.”
“It is so easy to get here, and the lifestyle is outstanding,” said Michael Abboud, TetherView’s owner. “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.”