100,000-SF Office Gets Major Approval

FREEHOLD TWP., NJ-Developer Freehold Ventures LLC has picked up preliminary major site plan approval for Pond View Professional Park along Route 537 here. Plans were initially rolled out in late 2006, and site work has been under way since late 2007.

Pending final approval, ground-up construction is expected to begin shortly. Plans call for a total of seven buildings on the 12-plus-acre site, with 100,000 sf of offices constituting most of the on-site space. Build-out will include three, three-story office building adding up to 75,000 sf, and an additional single-story, 25,000-sf building. Also part of the plan is a 3,000-sf bank branch, a 10,000-sf daycare center, and a 10,000-sf pharmacy and medical supply store. Cost of the project hasn’t been released.

The latter facility, as well as the marketing of the space at Pond View, are tied to Pond View’s proximity to facilities of the CentraState Healthcare System, including nearby CentraState Medical Center. Plans also call for the latter to be directly linked by roadway to the Pond View campus.

Developer Freehold Ventures LLC is a joint venture of Pyramid Properties of Woodbridge, NJ, the Hampshire Cos. of Morristown, NJ, and Triad Development of Eatontown, NJ. Construction manager is I.M. Mack of Totowa, NJ, design is by WML Architects of West Long Branch, NJ and the Schultz Organization of Woodbridge, is marketing the property.