Denholtz Properties has announced the acquisition of two industrial/flex buildings totaling 171,480 square feet at 200 and 541 Industrial Way West in Eatontown, N.J. This acquisition further expands Denholtz Properties’ New Jersey portfolio to 2.5 million square feet, reinforcing its foothold in one of the state’s most sought-after industrial markets.

Located in Monmouth County, the properties benefit from immediate access to major transportation routes, including Routes 18, 35, 36, and 71, and are conveniently situated under 60 minutes from New York City and 40 minutes from Newark Airport. The surrounding area offers ample amenities, including the Monmouth Mall, as well as numerous banks, shopping centers, and restaurants.

The acquisition includes two distinct assets: the 109,480-square-foot 541 Industrial Way West, which is 93% leased to six tenants including Spirent Communications, Inc., and the vacant 68,821-square-foot 200 Industrial Way West. With plans to convert 200 Industrial Way West from a former pharmaceutical facility into a modern warehouse with 24-foot clear heights and up to 7,000 square feet of office space, Denholtz Properties aims to unlock value-add potential within this asset.

“Demand for industrial space in New Jersey remains at an all-time high, and submarkets such as Eatontown present all the fundamentals we look for when sourcing investments in this market,” said Steven Denholtz, CEO of Denholtz Properties. “We look forward to executing our strategic vision for this portfolio to ensure it reaches its full income-earning potential and delivers superior, risk-adjusted returns on behalf of our investors.”