Hackensack-Meridian Health is leasing 45,600 at Monmouth Plaza Shopping Center in Eatontown for the purpose of creating an outpatient care facility.
The new facility – which will include an urgent care center – is expected to open in the second quarter of 2022.
Hackensack Meridian’s location is being created through a combination of the 80,592-square-foot center’s former Eastern Mountain Sports and DSW spaces, along with a portion of the former Toys ‘R’ Us store. DSW is relocating from the property to Consumer Square on Route 36 in West Long Branch.
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.
“This lease is emblematic of the healthcare industry’s adaptive re-use of big-box retail buildings at well-located sites,” Danielle Brunelli said. “We were pleased to work with the landlord and tenant to assemble this major space along this highly-trafficked retail corridor.”