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.

Professional Services
Cafiero-led team looks to continue pace as Marcus & Millichap’s top N.J. brokerage unit

Marcus & Millichap’s top investment sales team in New Jersey is seeking continued momentum, following a banner year in 2021 and a strong first half of 2022, with a focus on triple-net-lease and multitenant retail deals and the industrial and office sectors.

Retail
Owner of 700,000 sq. ft. shopping center, net-leased portfolio taps LMC for new assignment

Levin Management Corp. has secured a new assignment to oversee a sprawling portfolio of shopping centers and net-leased property in and around New Jersey.

Retail
AFC signs three leases in New Jersey, amid flurry of moves by urgent care tenants

AFC Urgent Care is expanding in New Jersey after signing three leases totaling more than 9,000 square feet, in a series of newly announced transactions by The Goldstein Group.

Retail
Larken signs retail leases in Lawrenceville with Taekwondo studio, microbrewery

A martial arts studio and a microbrewery have taken space at a Mercer County retail center, bringing the nearly 27,000-square-foot property to full occupancy.

Retail
Two new tenants lease space at 42,000 sq. ft. Bridgewater shopping center

Two retail tenants have combined to lease more than 2,100 square feet at a Bridgewater shopping center, under a set of deals arranged by NAI James E. Hanson.

Government & Public Policy
Fulop expects nimble approach to development in Jersey City, with major projects still to come

Jersey City is still in the earliest stages of its well-chronicled renaissance, the city’s mayor said Thursday, while projecting a nimble approach to development in the face of economic headwinds and a continued focus on lesser-known neighborhoods outside the downtown.

Retail
CVS property in Bridgewater trades for $11 million, in deal with California-based buyer

CBRE has negotiated the sale of a 14,688-square-foot, single-tenant CVS property in Bridgewater to California-based Heritage San Leandro LP for $10.9 million.

Retail
Urban Edge retail center in Watchung fully leased after new 23,000 sq. ft. deal with Aldi

Urban Edge Properties has signed Aldi to a long-term commitment for more than 23,000 square feet at Greenbrook Commons in Watchung, completing the center’s lease-up.

Retail
New 30,000 sq. ft. retail center in Butler trades for $24 million, Marcus & Millichap says

A private investor has purchased a newly built retail center in Morris County for nearly $24 million, in a transaction arranged by Marcus & Millichap.

Retail
Dave’s Hot Chicken coming to New Jersey with new lease in Wayne

A fast casual chicken brand has found its first New Jersey location after a franchisee’s newly completed lease in Wayne.