Denholtz Properties has acquired a 35,000-square-foot mixed-use property at 140-148 Broad Street, along with an adjacent parking lot at 22 Reckless Place and a 0.61-acre parking lot at 133 Broad Street, in Red Bank, N.J. Situated in the bustling heart of Red Bank's downtown, the properties offer excellent access to the area’s vibrant retail, dining, cultural attractions, and transit connections.

In a bid to create a premier corporate hub in Red Bank, Denholtz Properties will undergo a comprehensive renovation of 140-148 Broad Street. The redesign will include a contemporary façade with expansive windows and reclaimed wood accents, along with a complete interior overhaul. This reimagined space will feature modern layouts for office and retail tenants, enhanced common areas, and updated elevators.

“From the beginning, our focus in Red Bank has been to capture the borough’s unique potential through transformative investments,” said Steven Denholtz, CEO of Denholtz Properties. “We are thrilled to develop 140-148 Broad Street as a key economic engine and a bold step forward for the future of Red Bank.”

This acquisition is part of Denholtz Properties’ ongoing commitment to Red Bank. Since relocating its headquarters to the borough in 2019, the company has launched several impactful projects. Most recently, it celebrated the opening of The Rail at Red Bank, a 57-unit mixed-use community near the train station, featuring luxury apartments and 7,500 square feet of retail space. Additionally, Southbank at the Navesink, a luxury waterfront condominium development on 4 Boat Club Court, is set to open in 2023 with 80% of its units already sold, further underscoring Denholtz’s transformative vision for the area.