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FMERA Selects Developer For Oceanport's Russel Hall

FMERA will begin exclusive negotiations with Kiely Realty Group, LLC

By Christopher Sheldon

The Fort Monmouth Economic Revitalization Authority (FMERA) has begun exclusive negotiations with a developer for Russel Hall, located in the Oceanport Reuse Area of Fort Monmouth.

FMERA will now negotiate with Kiely Realty Group, LLC, which is proposing to purchase and renovate Russel Hall to house the management teams and home offices of J.F. Kiely Construction Co., J.F. Kiely Service Co., and J.F. Kiely Group. Kiely is based out of Long Branch. 

Kiely is proposing a commercial office use instead of an institutional office use, so an amendment to the Fort Monmouth Reuse Plan will need to be passed by the FMERA board to complete the sale of the property.

The 42,300 square foot, historic building is located on Sanger Avenue and was built in 1936 to serve as the Army's Garrison Headquarters.

The New Jersey Economic Development Authority currently occupies the third floor of Russel Hall and has the right to do so until July 15.

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