The Most Comprehensive Source for Commercial Real Estate News in the Region 

Denholtz Associates Markel Office Acquisition Red Bank, NJ Size: 79,022 SF Brokers: required: $14.8 million Brokers: NKF Executive Managing Director Steven M. Schultz, Managing Director Tony D. Georgiev, and Managing Director Adam Silver as leasing expert, represented the buyer and seller in this transaction. In May, Denholtz Properties acquired a 79,022 SF office portfolio comprised of a 40,701 SF office building at 310 Highway 35 South and a 38,321 SF office buildi

Over the course of this past year, Denholtz Properties has partnered with Lunch Break, a Red Bank-based community soup kitchen, pantry, and clothing distributor serving the local community, to help support a variety of their programs. Right before summer, the team at Denholtz Properties collected 118 pounds of food to help stock the organization’s food pantry. As the school year approached, the Denholtz Properties team collected school supplies to help Lunch Break make the fi

HAMILTON, NJ — Denholtz Associates announced an office space lease renewal with APTIM Facilities, Inc. for 14,464 s/f at 500 Horizon Dr. in the Horizon Center in Hamilton. Headquartered in The Woodlands, TX, APTIM is a multi-national engineering, program management, environmental services, disaster recovery, complex facility maintenance, and construction services provider. Acquired in 2018 from Mack-Cali, the Horizon Center portfolio consists of five office/flex buildings

CLARK, NJ — Newmark Knight Frank (NKF) has negotiated the sale of Denholtz Associates’ 108,000 s/f flex/R&D building at 175-195 Terminal Ave. in Clark for $15.84 million to ANG Management. NKF executive managing director Steven Schultz and managing director Tony Georgiev handled the transaction. Since 1992, 175-195 Terminal Ave. has been leased as the headquarters of L’Oréal’s North American R&D division, one of six L’Oréal R&D centers in the world and the only one in the Un

West Orange, NJ —The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA) recently hosted its Fall Kick-Off Event to a group of industry experts eager to learn about the night’s topic: Crowdfunding for Commercial Real Estate. Moderated by Greg Brown, managing director, NAI DiLeo-Bram & Co., the panel featured commercial real estate crowdfunding experts William Florent, founder of Selequity and Brian Esquivel, director of investmen

East Brunswick, NJ — Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, has announced the sale of two fully-leased flex properties totaling 107,000 s/f located at One Kimberly Rd. and Ten Alvin Court in East Brunswick. The sale was made to Greek Development. These fully stabilized, 100% occupied properties are located only an hour from New York City and feature easy access to Rte. 18 via Tices Lane and are in

Upper Macungie, PA — Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, has announced that The Kutztown Publishing Company has signed a 16,935 s/f lease at its Upper Macungie flex-industrial property located at 7036 Snowdrift Rd. The transaction brings the property to full occupancy. 7036 Snowdrift Rd. is an exceptional quality, 98,291 s/f office/industrial building located on 8.47-acres in the Iron Run Business

David Zimmel is president and owner of Zimmel Associates, a highly successful boutique corporate real estate services firm located in Edison, NJ. Founded in 1986 by Zimmel and his father Bernard, Zimmel Associates is well known in the state for industrial and office space leasing, sales, on-and off-market investment opportunities, advantageous sale/leaseback transactions and 1031 exchanges that help investors retain capital. His positive point of view about the challenges o

FRANKLIN, NJ — Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, has announced the purchase of a four-story, 83,258 s/f multi-tenant office building located in Franklin Township. The building, Somerset Executive Square II, is situated in the Route-287 submarket. The property was purchased from GE Capital.Somerset Executive Square II features newly renovated lobbies and corridors and sits on five-acres directly

Matawan, NJ — Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, recently hosted a broker luncheon to showcase its newly renovated, 132,000 s/f class A office building Metropark South, located at 100 Matawan Rd. in Matawan. The event, which included a tour of the building, was held in the newly decorated lower lobby and drew approximately 30 of New Jersey’s top brokers. The building recently underwent a $1.3 mi

Piscataway, NJ — Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, has signed a 32,710 s/f lease with Zeikos Inc., at Brunswick Business Park in Piscataway. Zeikos, a consumer electronics company headquartered in New York, provides a full line of consumer electronic products that incorporate unique styling, high quality, and new technology at affordable prices. Located on the I-287 corridor near Fortune 500 com

Allentown, PA — Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, has completed a $5.5 million refinancing with TD Bank of its two flex-industrial buildings, 7036 Snowdrift Rd. and 969 Postal Rd., located in the heart of the Lehigh Valley industrial market. Ari Klein of TD Bank negotiated the 7-year fixed-rate refinance. 7036 Snowdrift Rd., a 98,191 s/f flex-industrial building located on 8.47-acres in Upper Ma

Bound Brook, NJ — Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, has signed a long-term lease with Topflight Jr. Sports Academy, Inc., a gymnastics/cheerleading instruction company, to occupy 20,090 s/f of the corner building located at 2W Chimney Rock Rd. in Bound Brook. The building, which fronts on Rte. 22 and Chimney Rock Rd., has tremendous visibility and increased value due to the planned construction

Matawan, NJ — Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, has announced the execution of a long-term lease with iCIMS, the leading provider of Applicant Tracking Systems and HR recruiting software, at Metropark South, 100 Matawan Rd. in Matawan, NJ. iCIMS will become the largest tenant at the building, occupying 47,750 s/f. The 132,655 s/f office building is conveniently located directly off Exit 120 of