Steven Denholtz and Stephen Cassidy | The Power List

2024 NJBIZ Commercial Real Estate Power List

NJBIZ STAFF//November 4, 2024//

Steven Denholtz and Stephen Cassidy
Steven Denholtz and Stephen Cassidy

Steven Denholtz and Stephen Cassidy | The Power List

2024 NJBIZ Commercial Real Estate Power List

NJBIZ STAFF//November 4, 2024//

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Denholtz Properties

During the past year, Denholtz Properties CEO Denholtz and Managing Partner Cassidy have spearheaded an ongoing transformation of the Red Bank-based commercial real estate firm into a national asset manager with a portfolio exceeding $2 billion in value. Under their leadership, the firm has developed an agile and efficient operational platform with the capabilities of a larger institutional investment firm. Their vision has enabled the company to identify and seize emerging opportunities in the competitive national commercial real estate market.

Two standout projects exemplify this evolution. In 2024, the firm made a major move into the Texas market with the acquisition of Clovis Crossing, a state-of-the-art, 213,125-square-foot industrial facility located in the booming Austin-San Antonio Corridor. This acquisition highlighted Denholtz Properties’ strategic expansion of its national industrial and multifamily portfolio.

Simultaneously, the firm strengthened its footprint in North Carolina with the completion of Novi Rise, a 167-unit mixed-use community in Concord, further establishing its presence in this fast-growing market.