Retail

The New Jersey retail landscape has changed, but the spending power of its residents hasn’t. Owners of malls, shopping centers and mixed-use projects will continue to adapt and invest in the state.

Retail
March Associates leases 2,000 sq. ft. in Wayne to boutique Pilates studio, RIPCO says

March Associates has welcomed a new tenant to a Wayne retail center, leasing 2,000 square feet to a specialty fitness brand under a deal arranged by RIPCO Real Estate.

Retail
Deluccia: Longtime owner sells well-known STS property in Somerville for $1.6 million

A prominent commercial property along Route 202/206 in Somerville has traded for $1.6 million, according to a brokerage team with Deluccia Commercial Group.

Retail
Developers of massive mixed-use project in East Orange land $134 million recap

The team behind The Crossings at Brick Church Station in East Orange has closed on nearly $134 million in new financing and capital for the project, where leasing is underway for 400 apartments and new retail space adjacent to NJ Transit rail service.

Finance & Capital Markets
Tulfra, Hampshire land construction loan for mixed-use North Haledon project, JLL says

A development that will bring new self-storage, upscale apartments and retail space to North Haledon is set to begin with the help of a construction loan arranged by JLL.

Retail
Pickleball coming to Flanders shopping center under 15,000 sq. ft. deal, RIPCO says

A pickleball operator has taken 15,000 square feet at a ShopRite-anchored retail center in Mount Olive, in a newly announced deal by RIPCO Real Estate.

Residential & Mixed Use
Randolph tract approved for 35 homes, retail space fetches $4.5 million, C&W says

A developer has acquired a parcel in Randolph with plans in place for 35 housing units and more than 4,000 square feet of retail space, in a transaction arranged by Cushman & Wakefield.

Retail
AutoZone site in Gloucester County fetches $4.8 million, Marcus says

A private investor has sold the site of a nearly 15,000-square-foot AutoZone store in Gloucester County for $4.8 million, in a newly announced deal by Marcus & Millichap.

Retail
Longtime client taps LMC to manage North Brunswick, Edison retail properties

Levin Management Corp. has picked up two new assignments in Central Jersey, expanding its relationship with a longtime client and shopping center owner in the region.

Retail
PREIT touts new store openings, leasing momentum at Cherry Hill Mall

PREIT is continuing its update of its flagship Cherry Hill Mall, announcing the debut of four retail and dining tenants and a newly signed lease with another well-known brand.

Finance & Capital Markets
Walters Group lands $20.5 million refi loan for Jersey Shore shopping center, JLL says

The Walters Group has refinanced a nearly 141,000-square-foot shopping center in Ocean County for $20.5 million, in a newly announced transaction by JLL.