"CommVault continues to evolve its business, and Two CrescentPlace continues to accommodate its needs," says David Zwang ofCushman & Wakefield, who represented CommVault in the renewal."Being able to grow in place is a real cost-savings advantage forthe company, which maintains a sophisticated fit-out with extensivedevelopment labs and technology."

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Tom Means of Byron Real Estate represented the owner of MonmouthPark Corporate Center II, an entity known as MPCCII LLC, with CarlGross as managing member. CommVault leases slightly more than halfof the 228,000-sf office building. Lease rates were notdisclosed.

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"Providing us with convenient access to both Philadelphia andManhattan, our New Jersey operations will continue to yield futuregrowth opportunities for our company," says Bill Beattie, CommVaultVP, "both in terms of attracting personnel and expanding ourenterprise customer base."

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The two-building Monmouth Park Corporate Center was built in the1960s along Rte. 36 for a single electronics tenant. It has sincebeen renovated and expanded for multiple tenants.

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