Acting on behalf of its landlord and tenant clients, R.J. Brunelli & Co. LLC completed leases and a land deal that will bring new Hackensack-Meridian, Planet Fitness, Dollar Tree, Popeyes Louisiana Kitchen, Wing Stop, Tilebar and Bridge Life Thrift Store locations to sites in Central and Northern New Jersey and north central Pennsylvania.
In the largest of the transactions, the Old Bridge, New Jersey-based retail real estate firm signed Hackensack Meridian Health to a 45,600-square-foot outpatient care facility at Monmouth Plaza Shopping Center, 137 Route 35 in Eatontown, New Jersey. Plans call for the new facility — which will include an urgent care center — to open in the second quarter of 2022. R.J. Brunelli represented property owner Monmouth Plaza Enterprises, LLC on the transaction, with Chairman and Principal Richard Brunelli getting the listing and President and Principal Danielle Brunelli procuring the tenant. Hackensack Meridian was represented by Jeffrey Babikian of CBRE.
As exclusive broker for the Toms River Shopping Center, the brokerage executed leases with Planet Fitness and Wing Stop at the 253,000-square-foot property located on Route 37. Both tenants are expected to open in the third quarter of this year. Planet Fitness is taking over a 17,867-square-foot inline space that was previously occupied by Modell’s. Wing Stop will be situated in a 1,500-square-foot inline space that formerly housed Liberty Travel. Danielle Brunelli represented the property owner on both leases. Joe Dougherty of Metro Commercial represented Planet Fitness and Gary Krauss of Pierson Commercial Real Estate represented Wing Stop.
R.J. Brunelli signed Dollar Tree for a 9,977-square-foot inline space at Union Square, located at the intersection of Route 35 and Oak Hill Road in Red Bank. Dollar Tree is projected to open in the third quarter of this year. Danielle Brunelli represented Dollar Tree on the transaction, while the landlord was represented by Greg Medvin of Pierson Commercial.
Elsewhere in central New Jersey, the firm executed the lease for Bridge Life Thrift Store for an 8,400-square-foot endcap space in The Marketplace at Matawan on Route 34 and Disbrow Road in Old Bridge. This will be the first New Jersey location for the not-for-profit store. All proceeds will go local charitable organizations designated by Calvary Chapel Old Bridge. The Bridge Life store is expected to open in early September Danielle Brunelli represented the landlord on both the Bridge Life and Therafit leases.
In northern New Jersey, the firm brokered the sale of a 0.75-acre site with an 8,000-square-foot building at 443 Route 17 South in Paramus for Tilebar. R.J. Brunelli Senior Sales Associate John Lenaz represented the buyer and seller on the transaction. The company expects to open at the site in the second quarter of 2022.
In Pennsylvania, R.J. Brunelli Senior Sales Associate Pete Nicholson signed Popeyes for a ground lease for a freestanding 2,400-square-foot restaurant at 1713 E. 3rd St. in Williamsport. A March 2022 opening is anticipated. Nicholson represented Popeyes franchisee PN Restaurants on the transaction.
