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.

Residential & Mixed Use
Construction begins on $400 million, 670-unit rental project in Jersey City’s SoHo West

The Albanese Organization, BXP and CrossHarbor Capital Partners have broken ground on a 670-unit multifamily project in Jersey City’s fast-growing SoHo West neighborhood.

Food & Beverage
Keepers restaurant opens in Harrison, bringing all-day dining destination to Riverbend District

Principals of Advance Realty Investors and Episcope Hospitality joined Harrison Mayor James Fife, town officials and community leaders on June 17 to mark the grand opening of Keepers, a new all-day restaurant located at the base of The Wyldes apartment…

Residential & Mixed Use
NAI Hanson: Hackensack portfolio with eight apartments, two retail units sold for $1.8 million

A private investor has acquired two mixed-use buildings in downtown Hackensack for a combined $1.8 million, in a newly announced deal by NAI James E. Hanson.

People
Doyle joins Red Bank-based Denholtz as human resources director

Denholtz has hired Kira Doyle as its new director of human resources, adding a seasoned professional in the space to support its growing team.

People
Larken Associates promotes Kerr to director of commercial asset management

Larken Associates has elevated Jamie Kerr to director of commercial asset management, marking her latest promotion since joining the Branchburg-based team in 2020.

Finance & Capital Markets
JLL: Buyer of Newark’s Springfield Avenue Marketplace lands $23 million acquisition loan

The new owner of a grocery-anchored shopping center in Newark has closed on more than $23 million in acquisition financing, in a newly announced deal by JLL.

Residential & Mixed Use
District 15Fifteen in Parsippany welcomes first residents, as momentum builds for retail leasing

A major mixed-use development is taking shape along Route 10 in Parsippany, with residents now moving in and a flurry of leasing activity at the property’s retail space.

Retail
Edison shopping center with grocery anchor space sold for $24 million, Goldstein Group says

The site of a 120,000-square-foot shopping center in Edison has changed hands for $24 million, in a newly announced deal by The Goldstein Group.

Retail
Urban Edge, TruGolf ink 6,000 sq. ft. deal for new golf simulator, restaurant in Cherry Hill

Urban Edge Properties has signed a deal that will bring an indoor golf simulator and high-end restaurant concept to a grocery-anchored retail center in Cherry Hill.

Retail
Net-leased Mavis Discount Tire property trades for $3.49 million, Marcus says

A private investor has acquired a nearly 6,900-square-foot retail property in Toms River for some $3.5 million, brokers with Marcus & Millichap announced Monday.