OCEANPORT, New Jersey – Denholtz Properties, a number one actual property growth and funding firm, declares it has negotiated a 12,080-square-foot lease with Birdsmouth Beer at The Commissary at Baseline, a part of the historic Fort Monmouth redevelopment web site positioned at 675 Oceanport Method in Oceanport, N.J.
Spanning 53,000 sq. toes, The Commissary is the point of interest of District A within the Oceanport part of Fort Monmouth. District A was acquired by Denholtz Properties in 2020 and covers 26 acres and contains the previous Commissary in addition to the PX, Submit Workplace Space and Warehouse District together with an adjoining parking zone. Since Denholtz Properties’ acquisition, the corporate has begun a multiphase redevelopment to reimagine District A as Baseline, a transformative retail and industrial hub on the gateway to the historic property. The current completion of Part One contains the adaptive reuse of the previous Commissary right into a multipurpose vacation spot geared in the direction of modern meals and beverage makes use of.
Aiming to construct upon the success of its Part One redevelopment, Denholtz Properties is shifting ahead with its plans for Part Two at Baseline that may see the development of 72,400 sq. toes of contemporary spec industrial/ flex house unfold throughout three buildings on the positioning of the previous Warehouse District. The development of the three buildings is scheduled for completion in 2023.
“Our purpose at Fort Monmouth is to create a hub the place companies of every type can thrive and energy the resurgence of this necessary piece of New Jersey’s historical past,” stated Kristine B. HurlbutSenior Vice President, Leasing at Denholtz Properties. “Birdsmouth Beer shares our imaginative and prescient for the way forward for Fort Monmouth, and we look ahead to celebrating with them as they open their doorways later this 12 months.”
Birdsmouth Beer, headed up by co-founders Andrew Gioia, former head brewer at Kane Brewing, and actual property govt Rocco Laginestra, is slated for a late summer time/early fall 2022 opening. Constructing upon the distinctive flexibility of The Commissary at Baseline, Birdsmouth Beer’s house will embody a full manufacturing facility in addition to a tasting room to create a one-of-a-kind expertise for craft beer fans and informal guests alike.
About Denholtz Properties
Denholtz Properties is a number one industrial actual property funding and growth firm with a diversified portfolio of property in strategic markets. Based mostly in Crimson Financial institution, N.J. with a regional headquarters in Orlando, Fla., Denholtz Properties specializes within the acquisition and growth of ground-up multifamily, industrial/flex and workplace properties. Pushed by an entrepreneurial spirit and a dedication to excellence, Denholtz Properties has repeatedly developed over its 70-year historical past to persistently present outsized funding returns.
For Extra Data:
https://denholtz.com
