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

The property involved in this transaction is an office/storefront retail asset located at 133, 140-148 Broad Street, Red Bank, NJ. The total square footage of the asset is 26,584. The loan amount secured for this acquisition and renovation is $9,090,000. The lending institution for this transaction is TriState Capital Bank.

Summary of transaction details:

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

The deal involves key individuals including Steven Denholtz, who represents Denholtz Properties, and Kathy Anderson, who is the broker representing the transaction through Progress Capital. This collaboration facilitated the loan arrangement and property acquisition process.