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Newmark Tapped to Lease Up Revamped Red Bank Office Campus
Newmark has been retained as office leasing agent for River Centre at 331 Newman Springs Rd. in Red Bank, NJ. River Centre is a six-building 668,107-square-foot Class A office campus owned by Crown Realty and Paramount Realty. Senior managing director Jamie Drummond and associate director Andrew Perrotti are the appointed agents.
“River Centre is one of the largest office assets in the region, and we are deploying a significant amount of capital to revamp the property to create a campus-like setting that is more akin to a modern and amenitized tech campus in Silicon Valley,” said Maurice Zekaria, President of Paramount Realty.
The property has experienced some recent leasing momentum to include 100,000 square feet signed by RB Animal Hospital, 25,000 square feet to Sycamore Medical and 15,000 square feet to Alliant Insurance. In addition, Paramount and Crown have committed more than $25 million for a capital improvements plan.
- ◦Lease
