Commvault Sells HQs at One Commvault Way, Tinton Falls, NJ

In a SEC filing on January 31, 2023, Commvault System, Inc. and Ashling Development, LLC entered into a purchase and sale agreement for the sale of Commvault’s corporate HQs located at One Commvault Way, Tinton Falls, NJ for a purchase price of $40,000,000.

Consummation of the sale is subject to customary closing conditions. Commvault believes that the sale will likely close in 2FH24.

Upon closing of the transaction, it plans to enter into a lease for a portion of the premises.