Red Bank, N.J. (June 6, 2023) – Denholtz Properties announces it has signed a lease with UBS Financial Services for 20,715 square feet of office space at 140-148 Broad Street in Red Bank, N.J.
Located in the heart of downtown Red Bank’s commercial corridor, 140-148 Broad Street is a 35,000-square-foot, two-story office building acquired by Denholtz Properties in 2022 along with an adjacent parking lot at 22 Reckless Place and a nearby parking lot at 133 Broad Street. The property’s strategic location at the gateway of Broad Street provides unparalleled access to Red Bank’s eclectic mix of shops, restaurants and cultural institutions, as well as the Red Bank Train Station and Route 35. Since the acquisition, the company has embarked on ambitious plans to bring the building up to Class-A standards through substantial interior and exterior capital improvements.
“We are excited to welcome UBS Financial Services to what we will know will soon be a highly sought-after corporate destination in downtown Red Bank,” said Kristine B. Hurlbut, Senior Vice President, Leasing, for Denholtz Properties. “Their commitment to the space continues to highlight what makes Red Bank one of the state’s most in-demand locations for businesses, residents and guests alike.”
The CBRE team of Suzanne Macnow, Alexandra Anagnostou and Justin Ridolfo partnered with Hurlbut to negotiate the lease transaction. Josh Cohen and Bill Brown of Cushman & Wakefield, long-term representatives of UBS Financial Services, advised the firm in negotiating and securing its long-term lease.