The real estate development and investment company said DefinedLogic’s 12,224-square-foot renewal is located at 116 Chestnut St., a 30,898-square-foot boutique office building. Denholtz’s headquarters is also based at the property, it said.
Renovations are currently underway at the multitenanted space with a completion date in the fall. Additionally, 116 Chestnut is part of a Denholtz mixed-use project, The Rail @ Red Bank Station, which will bring a 57-unit luxury apartment building with 6,000 square feet of retail to the town in 2020.
“Having been in Red Bank for almost 20 years, we have seen tremendous change take place across the city,” Michael Simon, partner at DefinedLogic, said. “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.”
The property is within close access to the Red Bank NJ Transit train station, Route 35 and the Garden State Parkway.
“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,” Kristine B. Hurlbut, senior vice president of leasing at Denholtz Properties, said. “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.”