Denholtz Properties Acquires Office/Storefront Retail In Red Bank, NJ For $9.09M

The recently closed property transaction in Red Bank, NJ involved an office/storefront retail property located at 133, 140-148 Broad Street. The property spans over 26,584 square feet, providing ample space for businesses to operate.

Summary of transaction details

• Property Type: Office/Storefront Retail
• Address: 133, 140-148 Broad Street, Red Bank, NJ
• Market: Red Bank, NJ
• Lender: TriState Capital Bank
• Landlord: Denholtz Properties - Steven Denholtz
• Broker: Kathy Anderson - Progress Capital
• Loan Amount: $9,090,000
• Loan Type: Acquistion/Renovation

Leading the deal is Steven Denholtz, representing Denholtz Properties as the landlord. Kathy Anderson of Progress Capital acted as the broker, facilitating the transaction. TriState Capital Bank provided the loan amount of $9,090,000, supporting the acquisition and renovation process for this property.