"CommVault continues to evolve its business, and Two Crescent Place continues to accommodate its needs," says David Zwang of Cushman & Wakefield, who represented CommVault in the renewal. "Being able to grow in place is a real cost-savings advantage for the company, which maintains a sophisticated fit-out with extensive development labs and technology."
Tom Means of Byron Real Estate represented the owner of Monmouth Park Corporate Center II, an entity known as MPCCII LLC, with Carl Gross as managing member. CommVault leases slightly more than half of the 228,000-sf office building. Lease rates were not disclosed.
"Providing us with convenient access to both Philadelphia and Manhattan, our New Jersey operations will continue to yield future growth opportunities for our company," says Bill Beattie, CommVault VP, "both in terms of attracting personnel and expanding our enterprise customer base."
The two-building Monmouth Park Corporate Center was built in the 1960s along Rte. 36 for a single electronics tenant. It has since been renovated and expanded for multiple tenants.
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