Newmark Completes 100,000 SF of Office Leasing at Trophy Campus River Centre in Red Bank, NJ

July 7, 2025 9:00 AM

Newmark announces it has secured over 110,000 square feet of office leases at River Centre—a 668,107-square-foot Class A office campus in Red Bank, New Jersey. The leasing momentum is a combination of new leases, renewals and expansions for tenants at the property—including a 50,000 square foot lease with Hackensack Meridian, which is the largest office transaction in Monmouth County since 2023.

Newmark Senior Managing Director Jamie Drummond , Associate Director Andrew Perrotti and Associate Luke Reid are the exclusive leasing agents at the property and facilitated the leasing on behalf of owners Paramount Realty.

“These transactions highlight the continued demand for a highly amenitized, strategically-positioned office environment, which only briefly describes the offerings at River Centre,” said Drummond. “Further fueling interest at the campus, is the eight-figure capital improvement program that ownership currently implementing delivering campus-wide upgrades, evidenced by the latest leasing activity.”

According to Newmark Research, New Jersey’s Monmouth County office market remains strong, with Class A leasing accounting for over 74% of activity in 2024. Demand for quality space continues to outpace supply, driving consecutive quarters of positive absorption. Availability has now fallen below 13% for the first time since 2020, reflecting the market’s resilience and flight to quality.

Ownership’s eight-figure capital improvement program is spanning the entire office campus—reinforcing their commitment to the asset and providing a best-in-class office environment for its tenants.

The six-building office campus is located at 331 Newman Springs Road that is strategically positioned just off the New Jersey Garden State Parkway (exit 109), providing immediate access to Route 520 and Rt.35 and is minutes from the highly amenitized area of Downtown Red Bank, which grants access to a roster of retail, restaurants and hospitality offerings, public parks and newly-developed apartment buildings.

CBRE’s Suzanne Macnow represented Hackensack Meridian in lease negotiations.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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