"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."


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.


"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."


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.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.