CommVault to Pay $5.9 Million for Land at Fort Monmouth
Proceeds will be split between the Army and FMERA, which will reinvest the funds into the redevelopment of the fort.
Officials have accepted a deal with Oceanport's largest company to build its new headquarters on Fort Monmouth property of Tinton Falls. The deal will be the first sale of property at the fort. Fort redevelopers Wednesday night passed an amendment to a purchase-sale agreement with CommVault for a parcel of land in in the Charles Wood section of Tinton Falls where the data management firm will build it's new global headquarters. The property sale is set to close sometime in January at a sale price of $5.9 million, down from a previously agreed price of $6.1 million. The reduction is reportedly due to increased costs CommVault took on in its due diligence process, bringing in engineers of various fields to inspect the property. The Fort …
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