Denholtz Properties Negotiates Lease Renewal at Site of Newly Renovated Office in Red Bank, N.J.

Denholtz Properties announced a lease renewal with DefinedLogic LLC for 12,224 square feet of office space at 116 Chestnut Street in Red Bank, N.J. Denholtz Properties moved their headquarters to the 30,898-square-foot boutique office building earlier this year.

Red Bank’s picturesque setting and endless live, work, play possibilities have quickly made the borough one of the state’s most attractive places for businesses. Located just feet from the Red Bank NJ Transit train station in the heart of downtown Red Bank, 116 Chestnut Street is a multi-tenanted boutique office building. Renovations to the building’s façade are currently underway and will be completed inthe fall of 2019.  Additionally, 116 Chestnut is a part of a Denholtz mixed-use project, The Rail @ Red Bank Station, that will bring a 57-unit luxury apartment building with 6,000 square feet of ground level retail to Red Bank in 2020.

Founded in 2002, DefinedLogic is an award-winning digital agency and consultancy, with an in-house development team that works with companies to identify technology needs, implement web content management systems, manage digital transformation and develop native and web-based applications. Located at 116 Chestnut Street for 5 years, DefinedLogic’s lease renewal will enable the firm to continue to provide services and expertise to clients and businesses in the local community and beyond. 

“Having been in Red Bank for almost twenty years, we have seen tremendous change take place across the city,” said Michael Simon, Partner at Defined Logic. “We are excited for Denholtz Properties to bring that transformation over to the West Side with their improvement project at 116 Chestnut and the construction of The Rail @ Red Bank Station next door. These projects made renewing our lease an easy decision and we look forward to being an integral part of the ongoing revitalization of this neighborhood.”

“As one of New Jersey’s most-desirable and dynamic towns, there are few other locations in the state that appeal to growing businesses and their employees more than downtown Red Bank,” said Kristine B. Hurlbut, Senior Vice President of Leasing at Denholtz Properties. “Through our creation of a modern office building with exciting retail and residential opportunities next door, we’re confident that the strong growth fundamentals of Red Bank will allow us to continue to attract and retain high quality tenants looking to call this town home.”