Denholtz tops 1M in leases for 2nd straight year

Denholtz Associates topped 1 million square feet in lease transactions for the second consecutive year, the company reported.

Denholtz, a privately-held, fully integrated real estate development, investment and management company based in Matawan, said it had 191 new and renewal lease deals signed for a total of 1,067,211 square feet. More than 700,000 square feet of the leases were in New Jersey; the rest were in Florida.

“Our completion of several capital improvement projects in Florida and New Jersey provided us with the ability to negotiate lease renewals with several of our larger tenants while securing new tenants attracted by these quality spaces,” CEO Steven Denholtz said.

“Breaking the million-square-foot milestone in back-to-back years is a testament to the hard work and dedication of our experienced finance, leasing, and property management teams who make our continued success possible. As we look towards the remainder of 2018, we look forward to continuing to search for investments in both Florida and New Jersey that provide us with the opportunity to both create value for our investors and provide homes for businesses of all types.”