By Joshua Burd
An Aldi supermarket and an urgent care center will be among the tenants at a soon-to-be-completed shopping center in Monmouth County, following leases brokered by JLL.
The firm said Monday that it completed 30,000 square feet in leasing at Wall Promenade, a 55,000-square-foot complex at 1919-1925 Route 35 in Wall Township. The growing supermarket chain took 20,000 square feet, while MedExpress committed to 4,570 square feet.
The other transactions include a 4,000-square-foot deal with Rock On Nails and a 2,000-square-foot lease by Starbucks.
JLL Senior Vice President Marta Person Villa represented the landlord, RT 35 Wall Promenade LLC, working closely with Eric Mund, president of the ownership group.
“Aldi is a terrific anchor tenant for the newest shopping center at the Jersey Shore,” Villa said. “The area immediately surrounding Wall Promenade is home to nearly 50,000 people in prosperous communities such as Sea Girt, Spring Lake, Belmar, Manasquan, Spring Lake Heights and Lake Como.”
Equity Retail Brokers Principal Brian Wherty represented Aldi in its 15-year lease. Kenny Mandelbaum and Jerry Welkis of Welco Realty Inc. represented MedExpress, which signed a 10-year lease.
Meantime, Rock On Nails signed a 10-year lease and was represented by Beth Falletta, sales associate with Lakis Commercial Realty LLC. Pierson Commercial Vice President Gregg Medvin represented Starbucks, which signed a 10-year lease.
The soon-to-be completed Wall Promenade includes three buildings housing retail shops, services and restaurants, JLL said in a news release. The shopping center sits directly on Route 35, near the intersection of Allaire Road, and is about one mile south of the Route 138 and Route 35 interchange.
“Wall Promenade is our newest venture, and we are thrilled at JLL’s ability to fill nearly half the center in just a few months,” Mund said. “Located on a very well-traveled regional highway, Wall Promenade offers retailers a tremendous opportunity to draw from summer beach and year-round local traffic.”
