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UBS Financial Services Signs 10-Year Lease At 140-148 Broad Street In Red Bank

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LEASED
$27
Justin Ridolfo
Alexandra Anagnostou
+ 3

New Jersey

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Office
Leased 05/31/2023
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LEASED

UBS Financial Services Signs 10-Year Lease At 140-148 Broad Street In Red Bank

140 Broad St Red Bank, NJ 07701, USA

See Similar Deals
Office
Leased 05/31/2023
Justin Ridolfo
Alexandra Anagnostou
+ 3
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Summary

NEW JERSEY
Asset Type:Office
Transaction Type:Lease

UBS Financial Services has signed a 10-year lease for a 20,715-square-foot space at the redevelopment project located at 140-148 Broad Street in Red Bank. The property, owned by Denholtz Properties, offers a modern and upscale experience for UBS clients and employees. The lease was facilitated by CBRE, Cushman & Wakefield, and Denholtz Properties.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 140-148 Broad Street
  • Market: Red Bank
  • Asking Rent: $27/ft.
  • Square Footage: 20,715
  • Lease Terms: 10-year

The landlord, Denholtz Properties, was represented by Suzanne Macnow, Alexandra Anagnostou, Justin Ridolfo from CBRE, and Kris Hurlbut from Denholtz. On the other hand, UBS Financial Services was represented by Josh Cohen and Bill Brown from Cushman & Wakefield.

Players

Suzanne Macnow
6 deals
BROKER


Justin Ridolfo
CBRE
5 deals
BROKER

Kristine (Kris) Hurlbut
3 deals(732) 956-3105
BROKER

Joshua (Josh) Cohen
Cushman & Wakefield
9 deals$27.5M volume
BROKER

William (Bill) Brown
Cushman & Wakefield
4 deals
BROKER

Denholtz Properties
LANDLORD

Details

LEASED
IMAGE: Josh Cohen & Bill Brown DATE: 05/31/2023 ADDRESS: 140-148 Broad Street MARKET: Red Bank ASSET TYPE: Office LANDLORD: Denholtz Properties (@DenholtzProperties) TENANT: UBS Financial Services LANDLORD'S REP: Suzanne Macnow, Alexandra Anagnostou and Justin Ridolfo - CBRE (@CBRE); Kris Hurlbut - Denholtz TENANT'S REP: Josh Cohen & Bill Brown - Cushman & Wakefield (@CushWake) ASKING RENT: $27/ft. ~ SF: 20,715 LEASE TERMS: 10-year NOTE: UBS Financial Services has signed a 10-year lease for a 20,715-square-foot space at the redevelopment project of 140-148 Broad Street in Red Bank. The property offers a modern and upscale experience for UBS clients and employees, with CBRE, Cushman & Wakefield, and Denholtz Properties facilitating the leasing process.

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Deal Type
Effective Rent (Annual)

$309,524.74

Total Lease Value

$3,095,247.41

Net Landlord Cash Flow$309,524.74