Fort Monmouth

What Fort Monmouth does

The Fort Monmouth Economic Revitalization Authority (FMERA) is a New Jersey state government authority established in 2010 under the Fort Monmouth Economic Revitalization Act (P.L. 2010, c. 51) to redevelop the former U.S. Army Fort Monmouth installation in Monmouth County, New Jersey. FMERA took ownership of the installation in two Economic Development Conveyance deeds from the U.S. Army in 2014 (Phase 1) and 2016 (Phase 2), and is currently pursuing a further Group 7 Carve Out conveyance (~9.64 acres) to expand its developable land bank. Its core product is the staged disposition and lease of parcels across three host municipalities — Tinton Falls, Eatontown, and Oceanport — via competitive Requests for Offers to Purchase (RFOTP) for sales and Requests for Proposals (RFP) for leases, with offers evaluated on capital investment, job creation, and host-community impact. Anchor activity includes Bell Works at Fort Monmouth (housing Commvault's corporate headquarters), AASKI Technology, TetherView, Trinity Hall, Suneagles Golf Course, and the Monmouth County Recreation Center, alongside Lennar residential developments at Anthem Place and Patriots Square.

FMERA's economic model is built around two revenue streams: one-time property sales through sealed-bid RFOTP and recurring property leases through RFP, supplemented by federally conveyed assets and oversight from NJEDA. Its go-to-market is sales-led and event-driven, anchored by a public website with available-properties listings, monthly public board meetings, legal notices in the Star Ledger and Asbury Park Press, email alerts, and cross-promotion through NJEDA, Choose NJ, and the NJ Business Action Center. Customer segmentation is horizontal, targeting technology, defense, healthcare, life sciences, higher education, retail, food & beverage, film/digital media, and arts & entertainment tenants. There is no proprietary technology stack; the site's value rests on existing infrastructure (fiber, utilities, telecommunications), strategic location near NYC, and the historic Signal Corps heritage of the site. FMERA's stated mission is to create 10,000 jobs and $2 billion in total redevelopment investment; to date it has delivered over 1,500 jobs and over $1 billion in projects underway, with 85% of real estate engaged across 35+ projects.

Name

Fort Monmouth

Legal name

Fort Monmouth Economic Revitalization Authority

Website

https://fortmonmouthnj.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

FMERA is a New Jersey state authority that redevelops the former Fort Monmouth Army installation across Tinton Falls, Eatontown, and Oceanport by selling and leasing parcels via RFOTP/RFP to developers, commercial tenants, and mixed-use projects, targeting 10,000 jobs and $2B in investment.

Ownership category

akta.pro rank

Headquarters

HQ city

Oceanport

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Property Sales: FMERA generates revenue through the sale of former Army property to private developers and businesses. Properties are sold through a competitive sealed bid process (RFOTP) in accordance with the FMERA Act and Army competitive bidding requirements. Ownership of the former Army installation was transferred to FMERA in two separate deeds, in 2014 and 2016.
2. Property Leases: FMERA generates revenue through leasing of real property within Fort Monmouth. Leases are awarded through a competitive RFP process, with revenues supporting ongoing operations and infrastructure improvements at the redevelopment site.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

FMERA sells and leases former U.S. Army properties at Fort Monmouth through competitive public bidding processes (RFOTP for sales, RFP for leases) to investors, developers, and businesses. The portfolio spans commercial office, R&D, mixed-use, residential, and recreational uses across the three host municipalities of Tinton Falls, Eatontown, and Oceanport in Monmouth County, New Jersey.

Product overview

Fort Monmouth is a former U.S. Army installation spanning three communities (Tinton Falls, Eatontown, and Oceanport) that is being redeveloped by the Fort Monmouth Economic Revitalization Authority (FMERA) into a mixed-use innovation hub. The portfolio includes commercial office and R&D business campuses (such as Bell Works), flex space, mixed-use town centers, residential communities (including Lennar developments at Anthem Place and Patriots Square), recreational facilities (Suneagles Golf Course, Monmouth County Recreation Center), and historic district preservation. Anchor tenants include Commvault Corporate HQ, AASKI Technology, TetherView, and Trinity Hall. The redevelopment aims to create 10,000 jobs and $2 billion in total investment, with over $1 billion in projects currently underway.

Differentiator

Problem solved

Functional benefit

Products and services

• Fort Monmouth Real Estate Property Sales (RFOTP) Former Fort Monmouth Army installation properties sold through competitive public sealed-bid RFOTP process to investors, developers, and businesses for commercial, residential, and mixed-use development across Tinton Falls, Eatontown, and Oceanport in Monmouth County, New Jersey.
• Fort Monmouth Real Estate Property Leasing (RFP) Leasing opportunities for real property within Fort Monmouth, awarded through a competitive RFP process to businesses and developers seeking to operate within the redevelopment site.
• Bell Works at Fort Monmouth A major mixed-use commercial development at Fort Monmouth featuring office, retail, and hospitality spaces, with the FMERA headquarters and Commvault corporate headquarters as anchor tenants.
• Suneagles Golf Course An 18-hole golf course and associated banquet/restaurant facilities located in the Eatontown portion of Fort Monmouth, available as a recreational amenity within the redevelopment.
• Monmouth County Recreation Center at Fort Monmouth A county-operated recreation center and pool facility located on Fort Monmouth property at 2566 Guam Lane, providing recreational amenities for the community.
• Fort Monmouth Real Estate Redevelopment Program The overarching redevelopment program covering commercial office/R&D campuses, mixed-use town centers, flex space, residential communities, and recreational facilities across the three host municipalities of Fort Monmouth.

Quantifiable outcome

• 10,000 jobs to be created under FMERA's mission
• +4 more outcomes

Named customers7 records

Segments9 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• New Jersey Economic Development Authority (NJEDA)coreStrategic or Co-development PartnerNJEDA provides oversight and support for FMERA's operations. FMERA is an authority under NJEDA and adheres to its rules and regulations. NJEDA offers financing programs and incentives for businesses relocating to or expanding in New Jersey, including Fort Monmouth.
• U.S. ArmycoreStrategic or Co-development PartnerThe U.S. Army transferred ownership of the former Fort Monmouth installation to FMERA through Economic Development Conveyance (EDC) agreements in 2014 (Phase 1) and 2016 (Phase 2). The Army retains environmental remediation responsibilities for certain parcels under CERCLA Section 330.
• Host Municipalities (Tinton Falls, Eatontown, Oceanport)coreStrategic or Co-development PartnerFMERA's redevelopment spans three municipalities that serve as host communities. Mayors of each municipality serve on the FMERA Board, and all plan amendments must be transmitted to municipal governing bodies for review and recommendations.
• Choose NJminorGTM or Marketing PartnerChoose NJ is New Jersey's statewide economic development initiative that promotes business opportunities throughout the state, including Fort Monmouth redevelopment projects.
• New Jersey Business Action CenterminorGTM or Marketing PartnerState resource connecting businesses with permitting, financing, and incentive programs, referenced as a resource for Fort Monmouth developers.
• Monmouth CountycoreStrategic or Co-development PartnerMonmouth County Commissioner Director serves on FMERA Board. The County operates the Monmouth County Recreation Center at Fort Monmouth and benefits from increased tax revenue through redevelopment.
• Bell WorkscoreTechnology or IntegrationBell Works developed the mixed-use Bell Works at Fort Monmouth complex, including the Commvault headquarters and FMERA offices. This represents a major anchor development at the former fort site.

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Lennar Corporation: Lennar is developing Anthem Place and Patriots Square residential communities within the Fort Monmouth redevelopment. Comparable as a residential developer executing master-planned community projects on FMERA-controlled land.
• Fort Ord Reuse Authority (predecessor model): FORA was the California local redevelopment authority charged with converting the former Fort Ord Army base into civilian use following BRAC. Comparable as a state/local authority using a similar EDC-style framework to redevelop a former military installation into mixed-use, educational, and commercial development.
• Somerset Properties: Somerset Properties developed and operates Bell Works at Fort Monmouth, the flagship mixed-use anchor within the FMERA redevelopment. Directly comparable as a large-scale adaptive reuse and mixed-use developer operating on the same site under FMERA's framework.

Broad incumbents

• Choose New Jersey: Choose NJ is the statewide economic development marketing organization that cross-promotes Fort Monmouth redevelopment opportunities. Comparable as a state-level economic development entity supporting site selection and tenant attraction in New Jersey.
• New Jersey Economic Development Authority (NJEDA): NJEDA provides direct oversight and support for FMERA's operations, including shared board members and staff. Comparable as the parent state economic development authority that funds and governs FMERA's redevelopment mission.
• Forest City Realty Trust (now Brookfield Properties): Forest City (now part of Brookfield) was historically a major adaptive reuse and mixed-use developer with a portfolio including former industrial and military sites. Comparable as a large-scale developer with experience redeveloping complex legacy sites into mixed-use destinations.
• Maryland Department of Commerce: Maryland's economic development agency managed the BRAC-related redevelopment at Aberdeen Proving Ground, where CECOM relocated from Fort Monmouth. Comparable as a state-level entity handling former military base redevelopment and BRAC-driven economic transition.
• Related Companies: Related Companies is a national developer of large-scale mixed-use and master-planned projects, including redevelopments of complex sites. Comparable as an experienced large-format developer whose playbook around phased mixed-use delivery parallels FMERA's redevelopment approach.

Others

• Base Realignment and Closure (BRAC) Cleanup Sites Nationwide: The Department of Defense's BRAC program oversees the closure and redevelopment of military installations including Fort Monmouth. Comparable as the federal program framework that transferred Fort Monmouth to FMERA and continues to shape similar base-to-civilian conversions across the U.S.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/fort-monmouth-economic-revitalization-authority
• Facebookfacebook.com/fort.monmouth.7

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fort Monmouth