Denholtz Properties closes on former warehouse district and District A at Fort Monmouth, New Jersey
Oceanport, NJ — The Fort Monmouth Economic Revitalization Authority (FMERA) announced that OPort Partners, LLC, a company owned by Denholtz Properties, has closed on what is known as District A in the Oceanport section of Fort Monmouth. District A includes the former Commissary & PX and the Post Office Area, and the Warehouse District along with an adjacent parking lot. Denholtz Properties, headquartered in Red Bank, NJ, is a privately held, multi-state, fully integrated real estate development, investment, and management company with more than 65 years of commercial real estate experience. OPort Partners will develop a mix of commercial uses on the combined 26-acre site. Plans call for a complement of flexible office and technology space, with innovative food and/or beverage concepts in the former Commissary building as the centerpiece of the project. The nearly 53,000 s/f commissary building will be redeveloped into a mix of food or craft production related uses which may include eateries and a variety of production spaces. Construction is expected to begin in the first quarter of 2021 and to take three years. The first phase, which includes the renovation of the commissary, is expected to be completed in 12 months. The existing buildings in the Warehouse District, Post Office Area, and PX, will be demolished by the developer and redeveloped as commercial office, research & development space, and accessory warehouse/flex space. The developer’s plan includes the construction of six new buildings totaling 215,000 s/f. The total development for the combined District A and the Warehouse District site is approximately 269,234 s/f.