Xela Communications Leases Red Bank Office Space From Denholtz Properties

The recently negotiated office lease in Red Bank, NJ, involved a 5,175-square-foot space within a two-building complex located at 322 Highway 35 South. The property, 90 percent occupied at the time of leasing, was secured by Xela Communications, a New Jersey-based tenant. Lawrence Dickstein of Dickstein Real Estate Services represented Xela Communications in the lease negotiations, while Kristin Hurlbut of Denholtz Properties served as the landlord's representative.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not Applicable
• Tenant: Xela Communications
• Tenant's Rep: Lawrence Dickstein(Dickstein Real Estate Services)
• Landlord: Denholtz Properties
• Landlord's Rep: Kristine (Kris) Hurlbut
• Address: 322 Nj-35, Red Bank, NJ, 07701
• Market: Red Bank
• Square Feet: 5175

Larry Dickstein of Dickstein Real Estate Services and Kristin Hurlbut of Denholtz Properties played pivotal roles in facilitating the lease agreement between Xela Communications and Denholtz Properties. The transaction underscores the continued activity in the Red Bank office market and the strategic importance of securing prime office spaces for businesses like Xela Communications.