Digital Tech Firm Renews Lease in Red Bank
The lease renewal was signed with building owner Denholtz Properties, which moved its headquarters to the nearly 31,000-square-foot boutique office building earlier this year.
RED BANK, NJ—Defined Logic, LLC has signed a lease renewal for its 12,224-square-foot offices at 116 Chestnut St. here.
The lease renewal was signed with building owner Denholtz Properties, which moved its headquarters to the nearly 31,000-square-foot boutique office building earlier this year.
Renovations to the building’s façade are currently underway and will be completed in the fall of 2019. The 116 Chestnut property is a part of a Denholtz’s mixed-use project, The Rail @ Red Bank Station, that will feature a 57-unit luxury apartment building with 6,000 square feet of ground level retail to Red Bank in 2020.
Founded in 2002, DefinedLogic is a digital agency and consultancy, with an in-house development team that works with companies to identify technology needs, implement web content management systems, manage digital transformation and develop native and web-based applications. Located at 116 Chestnut St. for five years, DefinedLogic’s lease renewal will enable the firm to continue to provide services and expertise to clients and businesses in the local community and beyond, Denholtz Properties states.
“Having been in Red Bank for almost 20 years, we have seen tremendous change take place across the city,” says Michael Simon, partner at Defined Logic. “We are excited for Denholtz Properties to bring that transformation over to the West Side with their improvement project at 116 Chestnut and the construction of The Rail @ Red Bank Station next door. These projects made renewing our lease an easy decision and we look forward to being an integral part of the ongoing revitalization of this neighborhood.”
“As one of New Jersey’s most-desirable and dynamic towns, there are few other locations in the state that appeal to growing businesses and their employees more than downtown Red Bank,” says Kristine B. Hurlbut, SVP of leasing at Denholtz Properties. “Through our creation of a modern office building with exciting retail and residential opportunities next door, we’re confident that the strong growth fundamentals of Red Bank will allow us to continue to attract and retain high quality tenants looking to call this town home.”