Red Bank, NJ

ANDREW J. LENZA REALTY represents both tenants and landlords of Professional Office Space in the Middlesex, Monmouth and Ocean County areas.

Lately we've enjoyed success representing financial companies like hedge funds, advisors and NASDAQ broker-dealers relocating from Manhattan into the Monmouth County area. We are active in the Red Bank, Shrewsbury, Little Silver, Middletown, Colts Neck and Tinton Falls commercial real estate markets.

What does each party want?

• Tenants are motivated to find new and technologically-advanced Office Space that will accommodate present and future needs. Professional office tenants select space based upon (a) cost, (b) condition and (c) technology upgrades.
• Landlords? They want tenants -- specifically the right tenants.

Oh, it's more complicated than merely introducing tenant to landlord when serving as a Commercial Realtor®.

How can landlords expedite the process?

Below find a sample list of typical questions from tenants interested in Professional Office Space, typically for the Red Bank, Shrewsbury, Little Silver, Middletown, Colts Neck and Tinton Falls markets might include:

1. What type Commercial Class is the building? (Class A, B, C, D?)
2. Is there a Loss Factor associated with the Building?
3. What is the Rentable versus Useable square feet?
4. How is Rent charged? Are terms expressed as a Net or Gross lease?
5. How is the Base Year rent calculated and are there any pass-through charges?
6. How many years in the Lease Term?
7. Is there a tenant improvement allowance should the tenant wish to general contract the custom renovation?
8. How are annual rent increases calculated?
9. Does the building provide back-up power (i.e. generator)?
10. How is the space configured or wired for data/Internet?
11. Is there easy access to the Telco (telephone company's) entry point into the building?
12. What is the maximum floor load?
13. Is there ample on-site Parking and is that parking assigned or first come, first serve?

By no means is the list complete.

If landlords of Professional Office Space can prepare a list of short answers to this potential inquiry, they'll be better equipped to satisfy the tenant's due diligence phase. Afterall landlords know the office space, location, town, and infrastructure (data capabilities, parking).

Landlords are welcome to contact us and interview Andrew J. Lenza Realty to serve as their listing broker in the marketing of their Professional Office Space.  If landlords can adopt a tenant perspective -- and vice versa -- then all parties are expertly served!

Call Andrew, Broker and Owner of ANDREW J. LENZA REALTY, today at (732) 431-9003 to get you on the path of realizing your Monmouth County real estate goals. Or e-mail me or visit me at my company website.

Andrew J. Lenza, ABR GRI MBA 
 Broker/Owner     
ANDREW J. LENZA REALTY 
 73 State Highway 34 Colts Neck, NJ 07722    
 Office Telephone (732) 431-9003 
 
(c) Copyright, 2008. Andrew J. Lenza, All Rights Reserved

ANDREW J. LENZA REALTY COMPANY WEBSITE

ANDREW'S PERSONAL WEBSITE

• Members, Monmouth & Ocean County MLS and Middlesex County MLS

All data and information provided on this site is for informational purposes only. Andrew J. Lenza makes no representations as to comprehensiveness, accuracy, suitability, timeliness, or validity of any information on this site. Andrew J. Lenza will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. Else put -- It's a blog. It's an opinion. Every consumer is urged to perform their own analysis. 

There are quite a few streets called "Monmouth" in Monmouth County. Sort of like a rose and what's in a name.

Since I specialize in Monmouth County Real Estate it seems fitting to write about Monmouth Street in Red Bank.

Red Bank is the cool town of Monmouth County. Red Bank borders Tinton Falls, River Plaza (Middletown), Shrewsbury, Little Silver, Fair Haven and Rumson.

The town that runs along Broad Street and Front Street is very often called The Hub.

In fact there's a trendy, cutting-edge "indie" newspaper that captures all things Red Bank called The Hub, a Greater Media Company publication.

Red Bank is the home to Saint James parish, Riverview Medical Center and many fine restuarants.

Red Bank is often called "Wall Street South" because dozens of NASD-registered broker-dealers and hedge funds have adopted the town as their base of trading, sales and research operations.

As a Realtor and a former Wall Street Operations guy I speak both languages, Real Estate and financial markets: rental spaces, office space rates per square foot, parking permits, escalation clauses and T-1's, fiber optics, delivery of services, data redundancy.

Finding office space for hedge funds in the Red Bank area is fast becoming a favorite niche of mine.

The Dublin House is a landmark and an excellent place for food and beer. Or just beer.

If you're out late in Red Bank and enjoying the night life, you can always eat breakfast in the Broadway Diner, another Monmouth Street landmark.

In my photo I left the "B" off the sign.

One of my favorite all-time friends is Dennis McGinnis of McGinnis Printing. We met randomly many years ago.

Dennis is the founder of Jayson's Dreams For Kids.

JDFKis a non-profit dedicated to helping Monmouth County families with life-threatening illnesses.

Dennis is a Texas native and a rabid Cowboy fan but a true brother ... and an excellent printer.

Monmouth Street is home to an eclectic assemblage of unqiue small businesses from homeopathic remedies to an olive oil store to Mexican eateries.

The Count Basie Theater is also located on Monmouth Street.

You may also run into large wild life while walking down Monmouth Street. Like a giant chicken?

I never did figure out where my friend the chicken was off to, but he was sporting some sick basketball shoes.

He was so fast I fumbled my cellphone camera.

Writing this blog about Red Bank and Monmouth County Real Estate reminded me of that Doctor Suess classic, Oh The Places You'll Go.

Just never know what you find in Monmouth County once you venture out your front door.

Are you interested in buying or selling a home or commerical property in Red Bank? I can help!

* * * * *

Are you thinking of a purchase or sale of Monmouth County real estate? Call Andrew, Broker and Owner of ANDREW J. LENZA REALTY, today at (732) 431-9003 to get you on the path of realizing your Monmouth County real estate goals. Or e-mail me or visit me at my company website.

Andrew J. Lenza, ABR GRI MBA 
 Broker/Owner     
ANDREW J. LENZA REALTY 
 73 State Highway 34 Colts Neck, NJ 07722    
 Office Telephone (732) 431-9003 
 
(c) Copyright, 2008. Andrew J. Lenza, All Rights Reserved

ANDREW J. LENZA REALTY COMPANY WEBSITE

ANDREW'S PERSONAL WEBSITE

• Members, Monmouth & Ocean County MLS and Middlesex County MLS

All data and information provided on this site is for informational purposes only. Andrew J. Lenza makes no representations as to comprehensiveness, accuracy, suitability, timeliness, or validity of any information on this site. Andrew J. Lenza will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. Else put -- It's a blog. It's an opinion. Every consumer is urged to perform their own analysis.

The history of The Count Basie Theater

Even though there were already several other theatres in the Borough of Red Bank, New Jersey by 1925 (including the Strand, Palace, Empire and Lyric Theatres), on July 29, 1925 the Red Bank Register reported that Joseph Oschwald of Little Silver had announced plans to build a theatre on Monmouth Street.

Projected to open eight months later on April 1, 1926, the new theatre would have seating for about 2,000 persons and be equipped for moving pictures, vaudeville and dramatic shows. The ninety foot by one hundred and ten foot theatre would include a wide lobby on Monmouth Street flanked by two storefronts, and a stage entrance for scenery via a ten-foot wide strip of land around the corner on Pearl Street. The noted theatre architect Thomas W. Lamb was reported to be drawing the plans for the new building, with an exterior of white terra cotta, and an interior finished in Old Gold and Red. The property and the rights of way for the land were purchased for $21,000, and the projected construction cost was $300,000 to $500,000.

For the next forty-seven years the theatre was one of the highlights of nightlife in downtown Red Bank, and it outlasted all of its contemporaries, including the Strand, Palace, Empire and Lyric Theatres. Walter Reade himself would operate the theatre for decades using several corporate entities, including Walter Reade's Theatre, Inc., Perthbank Realty, Inc., which acquired the building in 1951, and Carlton Operating Co., which acquired Perthbank Realty in 1970.

The theatre would operate through the golden age of radio and television, and through the rise and fall of drive-ins, until finally the dawn of shopping mall culture and multiplex cinemas would draw enough people out of downtown that the building was no longer profitable, and it went dark in 1970.

In 1973, as the result of a significant anonymous donation, the Monmouth County Arts Council was able to acquire the building and preserve the now historic theatre for cultural uses. It was renamed the Monmouth Arts Center. On December 28, 1973, the building was purchased for $96,665; several hundred thousand dollars less than it cost to construct 47 years earlier. Included in the purchase were the storefront leases of the Greater Red Bank Area Jaycees, the Outreach Center and the Monmouth County Unit of the New Jersey Association for Retarded Children; an automatic ticket machine; a steel rod ticket box; a set of plastic marquee letters; two projectors with Motio-Grapher bases and Simplex-Sound Heads; assorted lenses; a Strong Trouper follow spot; assorted lighting and sound gear; a baby grand piano; and drapes and drops including the original Act Curtain.

Today, much remains the same about the building. Despite the Red Bank Register's 1926 report that the theatre's original name would be effaced from the façade, the word "State" and the initials "ST" for "State Theatre" are still visible on the peak of the building's façade. The old storefronts still flank the lobby entrance, and the magnificent dome still dominates the theatre's expansive ceiling. The original Act Curtain is still in use. Stage scenery is still loaded in via a ten foot wide strip of land off of Pearl Street, a tribute to the ingenuity and perseverance of the theatre's current stage crew when one considers that vaudeville performances generally relied upon backdrops, and modern scenery, staging and sound gear are now delivered in a tractor trailer or two.

Yet much is different. No longer a commercial concern for the benefit of a private partnership, the Count Basie Theatre is now owned and operated by the Count Basie Theatre, Inc., a nonprofit corporation formed solely to operate the theatre for the benefit of the community. The Theatre presents "live" music, dance, theatrical performances, and with the restoration of our projections equipment, films are once again being shown.

Enjoy an evening out with family and firends.There is something for everyone to enjoy this spring.

3-30 Monmouth Symphony

4-9 Joe Jackson

4-16 Asia

4-18 Pat Benatar

4-26 Pat Cooper "An evening of laughs"

5-17 Led Zeppelin

5-18 Beethoven Beethoven

Sales and Inventory History

Sales and Inventory History