Newmark Announces Four New Leases at River Centre, Bringing Class A Office Campus to Over 90% Occupancy

March 26, 2926 9:00 AM

Newmark announces 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, New Jersey, bringing the campus to over 90 percent 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.

The transactions include:

• 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.

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, just off the Garden State Parkway at Exit 109. Overlooking the Navesink River and minutes from the Jersey Shore, the campus is steps from downtown Red Bank's dining and retail and offers immediate access to Routes 18, 35 and 36, the New Jersey Turnpike, NJ Transit rail service and nearby ferry terminals.

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 December 31, 2025, Newmark generated revenues of nearly $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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