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.

Finance & Capital Markets
G.S. Wilcox closes $9.5 million refi for 81,000 sq. ft. retail center

The owner of an 81,000-square-foot, grocery-anchored shopping center on Long Island has refinanced for $9.5 million, in a deal arranged by G.S. Wilcox & Co.

Retail
Azarian touts 3,900 sq. ft. learning center lease in Livingston among new retail, office deals

A children’s learning center has committed to nearly 3,900 square feet at Livingston Town Center, in the largest of several newly announced deals by Azarian Realty Co.

Retail
Investors sell 15,000 sq. ft. retail strip center in East Hanover, The Goldstein Group says

An investment group has sold a 15,000-square-foot retail center off Route 10 in East Hanover, in a newly announced transaction arranged by The Goldstein Group.

Retail
Denholtz, brewery ink 12,000 sq. ft. lease for new-look Fort Monmouth commissary building

Denholtz Properties has secured its first tenant at a repurposed commissary building at Fort Monmouth, leasing more than 12,000 square feet for a planned brewery and tasting room.

Retail
Pizzeria leases 2,100 sq. ft. at Flanders retail center, BRC says

A pizzeria is taking 2,100 square feet at a Mount Olive shopping center, in a newly announced deal by Bussel Realty Corp.

Retail
Larken signs new 1,200 sq. ft. lease, adding pet salon to Lopatcong shopping center

Larken Associates has completed a lease that will bring a pet grooming salon to a two-building, 30,000-square-foot shopping center in Warren County.

Retail
Net-leased Mavis Discount Tire store in Howell trades for $2.8 million, Marcus says

A private investor has purchased the site of a Mavis Discount Tire store in Monmouth County for $2.8 million, in a newly announced deal by Marcus & Millichap.

Retail
Investment firm announces new CEO, CFO amid robust growth of shopping center portfolio

First National Realty Partners has named new chief executive and chief financial officers to guide its fast-growing team and portfolio of necessity-based retail properties.

Retail
Michaels takes 25,000 sq. ft. at Newton shopping center, Jeffery Realty says

Arts and crafts retailer Michaels leased 25,000 square feet in Sussex County, in one of several newly announced transactions by Jeffery Realty.

Retail
Salon suite tenant takes 10,000 sq. ft. at Brick retail center

A provider of salon suites has leased nearly 10,000 square feet at an Ocean County shopping center, according to a broker with Vantage Commercial.