Multiple businesses join Red Bank Veterinary Hospital at revamped Middletown River Centre

David P. Willis, Asbury Park Press

MIDDLETOWN - With the Red Bank Veterinary Hospital under construction, several other new tenants, including law firms and a financial advisory firm, have signed up to open offices at River Centre, the office complex off of Newman Springs Road.

Newmark, which was hired as leasing agent in 2022, said it has secured leases and renewals for about 80,000 square feet of office space at River Centre, a six-building complex owned by Paramount Realty and First Mile Capital/Crown Acquisitions.

Med Metrix, a provider of performance management and revenue cycle solutions to the health care industry, has leased 16,186 square feet. Seventy2 Capital LLC, a financial adviser, has leased 14,000 square feet of space and Sycamore Medical Management has signed up for 16,925 square feet.

They join existing tenants that include Withum, Life Time Works, Wells Fargo, McGraw Hill, and the Red Bank Veterinary Hospital, which is leasing the entire four-story building at 100 Schulz Drive.

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“We’ve found that tenants are responding to the attractiveness of the asset, specifically its strategic location at a four-way interchange at the Garden State Parkway Exit 109 and Route 520/Newman Springs Road,” said Jamie Drummond, Newmark's senior managing director, who along with Andrew Perrotti, associate director, are the leasing agents.

“The existing amenities and plans for $25 million complex-wide upgrades are also factoring in as enticements,” Drummond said in a statement.

More than $25 million is planned in capital improvements at River Centre, an office complex on Newman Springs Road in Middletown
More than $25 million is planned in capital improvements at River Centre, an office complex on Newman Springs Road in Middletown

Other new leases include:

  • Becker New York PC, a law firm, 3,500 square feet.

  • Greenbaum Rowe Smith Davis LLP, a law firm, 9,750 square feet.

  • IHT Wealth Management, an investment advisory services firm, 2,500 square feet.

  • Quaker Agency/JenCap Group LLC, a wholesale insurance intermediary, 9,300 square feet.

  • Marinus Financial LLC, a financial advisor, 6,000 square feet.

  • Peraton Labs, a communications and information research and engineering company, 27,635 square feet, a renewal and extension.

  • Luongo & Co, LLC, an accounting firm, 3,000 square feet.

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The upgrades will include new entrances, facades, activated terraces, a new heating, air conditioning and ventilation system, roof enhancements, building management systems, new corridors and upgraded common space.

The total 668,107-square-foot complex has already has a recently renovated amenity building that houses a fitness center, cafe, conferencing center and tenant lounge.

David P. Willis, an award-winning business writer, has covered business, retail, real estate and consumer news at the Asbury Park Press for 25 years. He writes APP.com's What's Going There column and can be reached at dwillis@gannettnj.com. Please sign up for his weekly newsletter and join his What's Going There page on Facebook for updates.

This article originally appeared on Asbury Park Press: Middletown River Centre signs multiple businesses in $25M upgrade

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