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
Hekemian & Co. affiliate refis Sparta shopping center for $21 million, JLL says

The longtime owner of a nearly 90,000-square-foot shopping center in Sparta has secured $21.5 million in financing for the asset, according to a debt placement team with JLL.

Retail
FNRP names new vice president of NNN leasing, acquisitions

First National Realty Partners LLC has hired a longtime broker for the newly created position of vice president of triple-net leasing and acquisitions.

Retail
Piscataway parcels trade for combined $3.3 million, Boniakowski says

Three adjacent parcels in Piscataway are under new ownership after a series of newly announced transactions by The Boniakowski Commercial Real Estate Group.

Retail
Net-leased Best Buy property in Deptford trades for $17 million

The longtime owner of a single-tenant, net-leased Best Buy store in Deptford has sold the property for $17 million.

Retail
Prism inks lease with Woodbridge salon, its third retail user at new 232-unit apartment building

Prism Capital Partners has signed another retail lease at its new downtown apartment building in Woodbridge, attracting a family-owned salon with deep ties to the central business district.

Professional Services
Deugen welcomes new team members in construction, development roles

Deugen Development has announced four new hires to bolster its development and construction teams.

Retail
Two-way traffic creating “more connected” downtown in Hackensack, experts say

Business leaders in downtown Hackensack are marking one year since the return of two-way traffic on Main Street, touting an uptick in activity from residents and visitors alike.

Professional Services
WCRE adds senior retail broker, facilities manager to Marlton-based team

Wolf Commercial Real Estate has made another key hire, seeking to grow both its facilities services platform and its team of retail brokers in New Jersey and Pennsylvania.

Retail
Eden Wood taps Rarefied as retail agent for 88-acre town center project in Whippany

A developer has picked Rarefied Real Estate Partners to spearhead retail leasing at a mixed-use, 88-acre project that aims to revitalize a historic former industrial site in Hanover.

Retail
Urban Edge retail center in Kearny draws six new tenants, reaching full occupancy

Urban Edge Properties has reached full occupancy at a newly redeveloped shopping center in Kearny, welcoming five new tenants to the nearly 125,000-square-foot property.