Red Bank, NJ — Denholtz Properties, a prominent commercial real estate development and investment firm, has entered into an operating agreement with Regus to manage a 9,729-square-foot coworking space at 140 Broad Street, a 37,351-square-foot office building located in downtown Red Bank, New Jersey.
Regus, a subsidiary of International Workplace Group (IWG), is recognized as a leading provider of flexible workplace solutions. The company operates a global network of managed workspaces, catering to over 2.5 million members ranging from entrepreneurs to large corporations. The new coworking space on the second floor of 140 Broad Street will offer flexible hybrid and coworking options tailored to meet the diverse needs of businesses and professionals in Red Bank and its surrounding areas.
“Companies across virtually every industry continue to reevaluate their office space needs in the post-COVID-19 era,” said Kristine Hurlbut, Senior Vice President, Leasing at Denholtz Properties. “Our agreement will bring Regus’ highly successful operating platform to Red Bank, helping companies of all sizes find the right space to support their continued growth.”
The launch of the new coworking space follows the completion of a comprehensive capital improvement project at 140 Broad Street. Upgrades included an updated façade, new HVAC rooftop units, LED lighting throughout the building, and improvements to the roof, elevator, chairlift, and windows.
Denholtz Properties currently has 7,087 square feet of additional space available for lease at 140 Broad Street. For more information, interested parties can contact Suzanne Macnow of CBRE at suzanne.macnow@cbre.com.
