JLL Capital Markets on Monday said it closed the $14.75 million sale of 100 Tormee Drive, a 90,008-square-foot office building in Tinton Falls, on behalf of the undisclosed seller, and procured the buyer, Rockford Holdings.
Located in the heart of Monmouth County, the 8.65-acre site is positioned just off of the Garden State Parkway, which is the primary north-south thoroughfare providing access to Manhattan and the greater tri-state area. The amenity-rich location also offers close proximity to shopping at 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 fully leased property is home to two tenants, Hackensack Meridian Health and Opentext. The two-story building offers ample surface parking and an on-site tenant lounge/game room.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Jeremy Neuer and Jose Cruz.
