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Latest Updates

FMERA Seeks High-Tech Tenants for McAfee Center in Oceanport

The Fort Monmouth Economic Revitalization Authority (FMERA) kicked off 2016 by issuing a Request for Proposals (RFP) for the sublease of Building 600, more commonly known as the McAfee Center. The building, located between Telegraph and Sherrill Avenues in Oceanport, previously served as an Army research & development (R&D) facility. The two-story building contains nearly […]

2016 FMERA Consolidated Budget Approved

At its December meeting, the Fort Monmouth Economic Revitalization Authority (FMERA) Board approved the Authority’s 2016 Consolidated Budget to support FMERA’s ongoing mission. This year’s budget is intended to expand the Authority’s sources of funding while continuing to control costs and direct spending to advance the Authority on the path toward financial self-sufficiency. “The 2016 […]

2015 in Review: Eight Purchase and Sale & Redevelopment Agreements Authorized in 12 Months

2015 was a pivotal year, with the Fort Monmouth Economic Revitalization Authority (FMERA) Board entering into eight Purchase and Sale Agreements & Redevelopment Agreements (PSARAs) with corporations and other entities for the redevelopment of the Fort. “The PSARAs approved this year span a broad spectrum from technology to schools to residential areas,” Director of Real Estate […]