By Joshua Burd
Two health and wellness operators have tapped R.J. Brunelli & Co. LLC to oversee their expansion in New Jersey, the Old Bridge-based retail brokerage said recently.
In a news release, the firm said it was hired by Modern Acupuncture as its exclusive real estate broker for all of the Garden State. The franchise-operated chain, which is based in Scottsdale, Arizona, is seeking 1,200- to 1,500-square-foot units located primarily in grocery-anchored neighborhood centers.
Modern Acupuncture is also targeting centers with a mix of grocery, coffee shops, service users and wellness-oriented users in areas with an average household income of at least $100,000, the news release said. R.J. Brunelli President and Principal Danielle Brunelli said the company is expanding into more than a dozen states and expects to have 150 franchised locations by 2020.
The other operator, I Love Kickboxing, has hired R.J. Brunelli as its exclusive broker for its central New Jersey franchisee, the news release said. The franchise-operated chain of kickboxing studios and training facilities, is looking for 2,700-to 3,200- square-foot units with minimum 10-foot ceilings in anchored shopping centers.
The chain’s central New Jersey franchisee opened its first location in Old Bridge and is currently targeting East Brunswick, East Windsor, Freehold, Manalapan and Jackson. R.J. Brunelli Executive Vice President and Principal Bill Lenaz said the franchisee is targeting locations with a median household income of $50,000 to $125,000 and a minimum population of 120,000 within five miles.
Headquartered in Merrick, New York, I Love Kickboxing has more than 230 locations in 34 states, including 12 throughout New Jersey, the news release said. Its clientele is about 85 percent female.