Newmark announced that the company has arranged four new office leases totaling 47,777 square feet at River Centre, a five-building Class A campus located in Red Bank, N.J., bringing the campus to over 90% occupancy. Senior Managing Director Jamie Drummond, Associate Director Andrew Perrotti and Associate Luke Reid are the exclusive leasing agents for the property and represented owners Paramount Realty and First Mile Capital/Crown Acquisitions in lease negotiations.
Paramount Realty, a commercial real estate owner-developer, signed a lease for 20,000 square feet on the third floor of Building 3. Zipp & Tannenbaum, an accounting and advisory firm, signed a lease for 10,000 square feet on the third floor at Building 3. InflexionPoint, a company specializing in automation and manufacturing intelligence, signed a lease for 8,863 square feet on the second floor at Building 2. Relational Group Partners, a provider of personalized business insurance to independent business owner, signed a lease for 8,914 square feet on the first floor at Building 2.
“These commitments reflect a clear alignment between tenant priorities and ownership’s long-term vision for the campus,” said Drummond. “River Centre is evolving with intention, and the market is responding to that clarity and investment.”
The activity comes as ownership prepares to commence the next phase of its $25 million campus-wide capital improvement program this spring. The project includes the relocation of the campus amenity offering to River Centre 3, where a new fitness center, café with dedicated seating, tenant lounge and collaboration spaces will be constructed, along with a campus-wide landscaping and signage/wayfinding program. Complementing these enhancements, a new 2,500-square-foot Starbucks with dine-in and drive-thru offerings is under construction and expected to open later this fall.
River Centre is a 668,107-square-foot office campus located at 331 Newman Springs Road and 100 and 200 Schulz Drive.
