140 Broad St. in Red Bank — Courtesy: Denholtz Properties
By Joshua Burd
Denholtz Properties has signed an operating agreement with Regus to manage a coworking space at a newly updated office building in downtown Red Bank.
The developer on Thursday said the space will occupy 9,729 square feet within the 37,351-square-foot property at 140 Broad St. Regus, a subsidiary of International Workplace Group, will operate the entire second floor to provide flexible hybrid and coworking options to meet the needs of individuals and businesses throughout Red Bank and nearby, drawing on its expertise from a network of managed workspaces that spans more than 2.5 million members, from entrepreneurs to multibillion-dollar corporations.
“Companies across virtually every industry continue to reevaluate their office space needs in the post-COVID-19 era,” said Kristine Hurlbut, senior vice president of leasing at Denholtz, which is also based in the borough. “Our agreement will bring Regus’ highly successful operating platform to Red Bank to help companies of all sizes find the right space to support their continued growth.”
The news follows Denholtz’s recent completion of a major renovation and update of 140 Broad St., which includes an updated façade and the addition of new HVAC rooftop units and LED lighting, under a project designed by Rotwein+Blake. The landlord has also upgraded the roof, elevator, chairlift and windows.
UBS last year signed a 10-year, 20,715-square-foot deal at the property. CBRE’s Suzanne Macnow is marketing the remaining 7,087 square feet of available space.
Denholtz, UBS ink 21,000 sq. ft. lease for new-look office building in Red Bank
