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

133, 140-148 Broad Street
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This Office property located in NJ received a loan of $9,090,000 over 1 year ago. The broker of the deal was Kathy Anderson

Denholtz Properties has secured a $9,090,000 loan from TriState Capital Bank for the acquisition and renovation of an office/storefront retail property located at 133, 140-148 Broad Street in Red Bank, NJ. The property spans a total area of 26,584 square feet.

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

Steven Denholtz, the representative from Denholtz Properties, and Kathy Anderson from Progress Capital played key roles in the deal. The loan provided by TriState Capital Bank will be used for the acquisition and renovation of the property.

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Deals
  • Location
    133 Broad Street, Red Bank, New Jersey 07701, United States133 Broad Street, Red Bank, New Jersey 07701, United States
  • Loan Value
    $9,090,000$9,090,000
  • Asset Type
    OfficeOffice
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Kathy Anderson

Kathy Anderson

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Financed$710.1M

Agency

Progress Capital

Progress Capital

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Volume$4.9B

Tristate Capital Bank

Tristate Capital Bank

Lender
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Volume$ 11.5B

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Deal Summary

LOAN IMAGE: Steven Denholtz & Kathy Anderson DATE: 08/16/2022 ADDRESS: 133, 140-148 Broad Street MARKET: Red Bank, NJ ASSET TYPE: Office/Storefront Retail ~ SF: 26,584 LENDER: TriState Capital Bank LANDLORD: Denholtz Properties (@DenholtzProperties) - Steven Denholtz BROKER: Kathy Anderson (@Money.Girl.Kathy) - Progress Capital (@Progress.Capital) LOAN AMOUNT: $9,090,000 LOAN TYPE: Acquistion/Renovation

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133, 140-148 Broad Street

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