Denholtz Associates Signs 49,275-Square-Foot Lease Extension at Lexington Business Center
DENHOLTZ ASSOCIATES SIGNS 49,275-SQUARE-FOOT LEASE EXTENSION AT LEXINGTON BUSINESS CENTER
Denholtz Associates, a New Jersey-based real estate development company, is pleased to announce that the Cabinet for Health and Family Services (CHFS), one of the state’s largest agencies, signed a 49,275-square-foot, long-term lease extension at the 307,953-square-foot Lexington Business Center in Lexington, Ky.
With nearly 8,000 full and part-time employees, CHFS is home to most of the State's health and human services programs, including Medicaid, the Department for Community Based Services and the Department for Public Health.
“Having a well-known state agency on premises is a boost for Lexington Business Center,“ said Stephen Cassidy, President of Denholtz Associates. “We are pleased that CHFS recognized that the facilities here support the Agency’s long-term requirements.”
Bob Cole of Coleman Group represented both parties in the transaction.
Situated on 21.4 acres, Lexington Business Center consists of five flex/industrial buildings. The site features units ranging from 900 to 49,000 square feet, including a 157,400-square-foot bulk distribution facility, and ample parking.
Lexington Business Center is just three miles southeast of downtown Lexington and adjacent to New Circle Road, which loops around the city of Lexington. Minutes away from I-75 and I-64, the Business Center is accessible to hotels, banks and restaurants, the airport and Keeneland Racecourse.
About Denholtz Associates
Denholtz Associates is a privately held development, investment and management company active in office, industrial, flex and retail real estate. Headquartered in Matawan, N.J., Denholtz Associates maintains offices in Atlanta, Chicago and throughout Florida and New Jersey. The Company currently owns and manages a national portfolio of over five million square feet of commercial real estate. For more information on Denholtz Associates, visit www.denholtzassociates.com or contact Michael Beckerman, president of Beckerman, at (201) 465-8000.