Prime Red Bank Commercial Property Sold by Resources Real Estate


Resources Real Estate BrokerRED BANK, NJ - Jo Ann Davenport, Resources Real Estate Commercial Division Manager, recently sold 5 East Front Street in Red Bank. The property is in a prime commercial location in the town’s downtown district.

A mixed use building of retail, restaurant and three two-bedroom apartments (with all tenants remaining) the property sits on one of the busiest corners in the heart of Red Bank’s downtown.

Thomas McCormack, Broker of Resources Real Estate“Resources Real Estate’s Commercial Division has become a core part of our business,” said Thomas McCormack, Broker of Resources Real Estate. “This closing, coming on the heels of our recent sale of 1 Broad Street demonstrates how Jo Ann Davenport and her team are the go-to agents for Red Bank’s commercial property.”

Jo Ann Davenport, Resources Real Estate Commercial Division Manager“Our understanding of the Red Bank market has positioned Resources Real Estate’s Commercial Division for even greater success,” said Davenport, Resources Real Estate Commercial Division Manager. “And as our agent roster continues to grow -- we currently have 21 agents certified for commercial transactions -- so too will our market reach.”

The company recently expanded to a larger space on Broad Street in Shrewsbury to accommodate the division’s growth with an eye toward increasing market share.

“This sale speaks to our brand’s power and position in the marketplace,” said Davenport. “We are excited to be working with more and more commercial clients throughout Monmouth County.”

About Resources Real Estate

Resources Real Estate is Monmouth County NJ’s premier independent brokerage serving both residential and commercial clients with an exceptional standard of professionalism and service, state-of-the-art technology and in-depth market knowledge. With over 85 sales associates and support staff, Resources Real Estate services Monmouth, Ocean, and Middlesex counties and maintains strong referral relationships with brokers throughout the U.S. and internationally. Resources Real Estate has offices in Rumson, Red Bank, Atlantic Highlands and Shrewsbury, NJ. Resources Real Estate has been recognized by Who’s Who in Luxury Real Estate, The Board of Regents of Luxury Real Estate, Inc. 5000, NJBiz 250, named as a Top Workplace by and are members of the Forbes Real Estate Council.