One River Centre
331 Newman Springs Rd., Middletown, New Jersey
Sitar Realty Company began its assignment at One River Centre on July 1, 2002. One River Centre was master leased to Science Applications International Corporation through March 31, 2003 at which time SAIC was to vacate the entire premises. Sitar Realty Company, having an incomparable niche in the Monmouth County marketplace, began soliciting the availability of the building to every tenant with a space requirement that would match what One River Centre had to offer.
While negotiations were taking place, Sitar Realty Company marketing efforts were proving to be very effective. The complex had never seen as much activity as it did in the fall and winter of 2002/2003 in a down market throughout the state. We were showing the building at least five times per week and entertaining proposals and requests for proposals, one after the other. The ownership took Sitar Realty Company advice with regard to pricing, work letter allowance and locating tenants in the building. Sitar Realty Company basically provided the ownership with advice and counseling that expedited many transactions resulting in a speedy occupancy of the premises.
Sitar Realty Company out-performed any other brokerage company in Monmouth County because of its extensive knowledge and experience. Out marketing strategy was well received and out leasing efforts speak for themselves.