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100 Schultz Drive
LEASED

NVA Red Bank Veterinary Management Leases Office Property In Red Bank For State Of The Art Animal Hospital

100 Schultz Drive

Office
clock iconLeased 1 year ago
Wesley Moore
Suzanne Macnow
Justin Ridolfo
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Summary

Lease
NEW JERSEY
Office

The property involved in this lease transaction is located at 100 Schultz Dr in Red Bank, Monmouth County. The asset type is an office space with a total square footage of 103,506. The landlord for this property is FM Red Owner LLC.

Summary of transaction details

The tenant in this lease transaction is NVA Red Bank Veterinary Management, LLC. Their representative in this deal is Wesley Moore from CBRE. The landlord is represented by Suzanne Macnow, Joseph A. Sarno, Alexandra Anagnostou & Justin Ridolfo, all from CBRE. The asking rent for this property is $28.50 per square foot.

Due to the pandemic, there was an increased demand for pet adoption, leading to the expansion of Red Bank Animal Hospital. As a result, FM Red Owner was able to release an existing tenant in the building to accommodate the construction of a state-of-the-art animal hospital with a total area of 103,506 square feet. The hospital is expected to open in the fourth quarter of 2023.

Players

  • All

    6

  • Agents

    5

  • Agencies

    1

Wesley Moore's profile picture
Wesley Moore
CBRE-image
Senior Vice President

Details

Deal Summary
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LEASED
IMAGE: Wesley Moore, Suzanne Macnow, Joseph A. Sarno, Alexandra Anagnostou & Justin Ridolfo DATE: 05/23/2022 ADDRESS: 100 Schultz Dr MARKET: Red Bank, Monmouth County ASSET TYPE: Office LANDLORD: FM Red Owner LLC TENANT: NVA Red Bank Veterinary Management, LLC TENANT'S REP: Wesley Moore - CBRE LANDLORD'S REP: Suzanne Macnow, Joseph A. Sarno, Alexandra Anagnostou & Justin Ridolfo - CBRE ASKING RENT: $28.50.50/ft ~ SF: 103,506 NOTE FROM BROKERS: Due to the pandemic, there was a large increase in pet adoption, which increased the needs of the Red Bank Animal Hospital. FM Red Owner was able to release an existing tenant in the building, and offer the entire building to be built out as a 103,506 SF, state of the art animal hospital located at Exit 109 off the Garden State Parkway. The proposed opening for the hospital will be Q4, 2023.

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Address100 Schultz Drive

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