Work Starts on 53,000-SF Office

OLD BRIDGE, NJ-Denholtz Associates has started construction for Metropark South II, a 53,000-sf class A office building at Exit 120 of the Garden State Parkway here. The Rahway-based developer is marketing the new building for multi-tenant occupancy and expects to deliver it to market by summer 2007.

“This new office building will attract new businesses to our community,” says Mayor James T. Phillips. “This is an excellent opportunity for the creation of new jobs and tax rateables for the township.”

“With very little class A space available in this marketplace, the building has already received significant interest from the business community,” says Steve Geltzeiler, director of leasing for Denholtz, who’s marketing the asset along with leasing associate David Zaro. The site is near Denholtz’s existing 130,000-sf Metropark South I, “which is currently 100% leased,” Geltzeiler points out.

The 2.7-acre site was originally targeted for residential development. As reported by GlobeSt.com, Denholtz bought it in June for an undisclosed price from Kara Homes, the East Brunswick-based developer that has since declared bankruptcy and filed Chapter 11. Among other things, the new building will feature a two-story lobby, covered parking, tenant storage and 24/7 access.