
Denholtz Properties Inks 20,715-Square-Foot Lease with UBS Financial Services at Red Bank, N.J. Office Building
6 June 2023
Red Bank, N.J. (June 6, 2023) – Denholtz Properties announces it has signed a lease with UBS Financial Services for 20,715 square feet of office space at 140-148 Broad Street in Red Bank, N.J.
Located in the heart of downtown Red Bank’s commercial corridor, 140-148 Broad Street is a 35,000-square-foot, two-story office building acquired by Denholtz Properties in 2022. The acquisition also included an adjacent parking lot at 22 Reckless Place and another nearby lot at 133 Broad Street. Positioned at the gateway of Broad Street, the property offers exceptional access to Red Bank’s array of shops, restaurants, and cultural attractions, as well as the Red Bank Train Station and Route 35. Since acquiring the property, Denholtz Properties has begun extensive interior and exterior upgrades to elevate the building to Class-A standards.
“We are excited to welcome UBS Financial Services to what we believe will soon be a highly sought-after corporate destination in downtown Red Bank,” said Kristine B. Hurlbut, Senior Vice President of Leasing for Denholtz Properties. “Their commitment to the space underscores why Red Bank remains one of New Jersey’s top locations for businesses, residents, and visitors alike.”
The lease transaction was negotiated by the CBRE team of Suzanne Macnow, Alexandra Anagnostou, and Justin Ridolfo, in partnership with Hurlbut. Josh Cohen and Bill Brown of Cushman & Wakefield, long-term representatives of UBS Financial Services, advised UBS in securing its long-term lease.