Proformance Insurance Co. has leased 45,000 square feet of office space within the newly constructed Monmouth Executive Center IV in Freehold, NJ. This deal represents the first major lease transaction in Monmouth County in 2002. Scheduled to occupy the new space in June, the insurance company is moving from 303 West Main St., where the tenant outgrew its current 19,000-square-foot space. Steven Schultz of The Schultz Organization represented both the tenant and the landlord, Monmouth Executive Center IV LLC. According to James Gorman, chairman and CEO of Proformance Insurance, "We are very excited to be moving into Monmouth IV. The Schultz Organization was instrumental in working with us over the years to meet our growth requirements. We look forward to increasing our presence in this area." Located at 4 Paragon Way in the heart of Monmouth County's high-tech corridor, Monmouth Executive Center IV is now nearly 70% leased.