X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WALL TWP., NJ–Monmouth Investors I, an affiliate of Red Bank, NJ-based Bollerman Development Corp., has leased a 54,000-sf freestanding facility on 8.2 acres to Depot America. The site is within the owner’s Allaire Corporate Center.

Depot America specializes in the repair of computer printers. Principal Joseph Costa characterizes his firm as “a recycling company. We disassemble printers and rebuild the components most likely to wear out, and then reassemble them.” The company will use about 20,000 sf for its headquarters operations, and the rest for its assembly operations.

Monmouth Investors I is an alliance between Bollerman Development Corp. and Riveroak Investment Corp., a Stamford, CT-based real estate investment banking firm. The Allaire Corporate Center is master-planned for just under 250,000 sf of class A office and flex space on 31 acres. The Depot America deal follows the recent leasing of 35,000 sf of freestanding space by Dialight Corp.

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.