New Jersey officials who have spent years trying to lure a major project to one of the largest available sites in the Garden State—the former US Army base at Fort Monmouth, which straddles Eatontown and Oceanport—breathed a sigh of relief on Monday as the opening of bids confirmed that Netflix is aiming to acquire the site for a TV and film production complex.

When the Fort Monmouth Economic Revitalization Authority (FMERA) originally put the site—known locally as the Mega Parcel—up for bid in October, it was widely assumed that the most interested buyer was Netflix, which had been discussing a relocation from its studio in Georgia.

However, a dispute over a bowling alley included in the parcel at the former Army base, which closed in 2011, forced the development authority to toss out the bids and restart the process.

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

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.