X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIDDLETOWN, NJ-The Sitar Co.-ONCOR International, based in Iselin, NJ, is marketing One River Center, a 482,000-sf, three-building office complex here. The asset is located near the Garden State Parkway, just south of Red Bank, NJ.

The complex, which was specifically built for Bellcore but became a victim of the telecom industry’s cutbacks, consists of two four-story atrium offices buildings of 122,700 sf each and one three-story atrium building of 210,400 sf, according to Sitar vice president John O’Hearn. It also has a 3,000-sf multimedia center and a medical center, and the three buildings share a 250-seat cafeteria, housed in the largest building.

One River Centre is zoned for the operation of wet labs, which is currently a difficult zoning permit to get in New Jersey, according to O’Hearn. The largest building contains specialty labs, including a large clean room.

The marketing effort, which is being headed by O’Hearn, William Sitar, Doug Sitar and Joseph Lombardi, is targeting office and laboratory users or a data/disaster recovery center. The site is also about five miles from Fort Monmouth, which houses a major US Army intelligence and communications operation.

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?

Dig Deeper

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.