Linda Moss

Reporter, New Jersey

<div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>The reimagination of Fort Monmouth in New Jersey is taking another step forward, with developer Lennar Corp. acquiring a prominent tract on the former military base where it plans to build a $125 million lifestyle-oriented, mixed-use project.</p></div></div>

United States

Development

Developer Pays $18.5 Million for Parcel at Former New Jersey Military Base

Lennar Acquires Fort Monmouth Site for $125 Million Mixed-Use Project

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CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

CoStar has introduced a new market-based program recognizing the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction will be singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

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Lennar Acquires Fort Monmouth Site for $125 Million Mixed-Use Project

Developer Pays $18.5 Million for Parcel at Former New Jersey Military Base

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