The property has 7,300 square feet of ground-floor retail space, and Englishtown-based Pierson’s Gary Krauss will handle the assignment. The site currently has one tenant, as Melonhead juice and acai bowl shop has signed a lease for about 600 square feet. About 6,700 square feet of space remain.
The Red Bank-based development company said The Rail @ Red Bank also includes 57 luxury residential units and robust amenities in addition to the retail space.
“In today’s challenging retail market, every aspect of the retail transaction has become more difficult and complex,” Kristine B. Hurlbut, Denholtz’s senior vice president, leasing, said in a prepared statement. “However, Pierson Commercial stands out for their ability to close deals on behalf of owners and tenants alike throughout the COVID-19 pandemic within many downtown New Jersey mixed-use developments.”
Denholtz said it is bullish on Red Bank, having relocated its corporate headquarters to a 30,000-square-foot office building at 116 Chestnut St., close to The Rail and the nearby Red Bank train station.