Case Studies
Meridian Health
Manalapan, NJ
Gregg Nowell and Ron Schrader of Sitar Realty Company represented Meridian Health System regarding Meridian?s 28,900 square foot lease at Manalapan Corporate Center on Route 9 in Manalapan, Monmouth county.
Meridian requested Sitar Company ? ONCOR International?s assistance in implementing its strategic plan to open an ambulatory care center that includes a same day surgery center, imaging center, pain management center and other related medical uses.
After identifying and evaluating all potential alternatives within the designated geographical target area, Sitar?s representatives negotiated a ten year lease agreement for the entire second floor of the north wing plus a portion of first floor space.
Sitar Realty Company has worked with Meridian Health System on numerous transactions and the parties continue to enjoy a long term mutually beneficial relationship.
...Sitar Success Story
- Statistics
- Developer: Dalton Properties
- Parking: Ratio of 4.00/1,000 SF
- Stories: 2
- RBA: 82,750 SF
- Typical Floor: 41,375 SF
- Total Avail: 18,400 SF
- % Leased: 77.8%
