RED BANK: SAXUM SPREE CONTINUES

Located at Broad and West Front streets, Saxum’s latest acquisition has Urban Outfitters as its sole ground-floor tenant. (Photo by John T. Ward. Click to enlarge)

By JOHN T. WARD

A Morris County-based real estate investment firm has acquired one of downtown Red Bank’s oldest and most prominent commercial structures.

The purchase of the home of an Urban Outfitters store by an arm of Saxum Real Estate is the firm’s third major investment in the town in the past 18 months, and the first for occupied space.

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