Greystone Secures $30M for Tinton Falls Redevelopment
Slice of Real Estate Team
May 27, 2025
Key highlights
- $30M bridge loan secured for office/mixed-use redevelopment
- 277,000 sq ft property to transform into coworking, retail, and recreation hub
- Financing includes future funding for tenant improvements and leasing costs
- Arranged by Greystone Capital Advisors, led by Drew Fletcher and Miryam Reinitz-Kops
- Inspired by Somerset Development aims to replicate Bell Works’ success
Notable Quotes
“ Our goal is to help clients grow, expand, and realize their plans for their diverse portfolios. ”
Miryam Reinitz-Kops, Vice President at Greystone Capital Advisors
“ Greystone Capital Advisors helped us expeditiously in securing the right debt solution while we execute on our vision for Bell Works Fort Monmouth. ”
Ralph Zucker, President at Inspired by Somerset Development
Why This Matters
This $30 million financing milestone reinforces Greystone’s reputation as a premier debt placement advisor while underscoring Inspired by Somerset Development’s strategic commitment to revitalizing suburban campuses into dynamic mixed-use environments. By redeveloping One Commvault Way, the project is set to infuse new energy into Tinton Falls, echoing the transformative impact of Bell Works in other regions. This move signals ongoing demand for adaptive reuse and multifunctional commercial spaces that cater to modern workforce and lifestyle trends.
