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.

Woodland Park retail center changes hands, Colliers says

A special servicer has sold a 50,000-square-foot retail complex in Woodland Park, brokers with Colliers International announced Thursday.

Retail, office building in South Orange trades for $11.6 million, Kislak says

A mixed-use property in downtown South Orange has changed hands for $11.6 million, in a newly announced transaction by The Kislak Co.

Sheldon Gross inks sale of East Hanover strip center

An investor has purchased a nearly 27,000-square-foot strip mall in East Hanover, under a newly completed transaction by Sheldon Gross Realty.

Burlington County retail center trades for $1 million, Marcus says

A private buyer has acquired a nearly 12,000-square-foot retail property in Burlington County, under a newly announced transaction by Marcus & Millichap.

Landlords brace for fallout, search for solutions with retailers battered by COVID-19 shutdown

New Jersey shopping centers that once buzzed with a steady hum of activity have been quiet since late March, with most retail businesses shut down to contain the spread of COVID-19. Retail landlords are now scrambling to figure out how to deal with tenants who say they can’t pay rent because their revenue streams have stopped cold — even though property owners still have their own financial obligations.

Northmarq inks $16.5 million refi for Bergen County retail center

The owner of a grocery-anchored shopping center in Bergen County has refinanced the property for $16.5 million, under a newly announced transaction by Northmarq.

Bridgewater Commons mall owner taps Texas developer to oversee leasing, management

An investment group that owns the sprawling Bridgewater Commons mall has hired a Texas-based developer to lease and manage the nearly 1.3 million-square-foot property.

Goldstein Group inks sale of fast food property in Hudson County

A fast food property in Hudson County has changed hands for an undisclosed price, in one of two newly announced transactions by The Goldstein Group.

Italian distributor acquires ex-restaurant property in Kenilworth, DiLeo-Bram says

An industrial equipment distributor has purchased the site of a shuttered restaurant in Union County, brokers with NAI DiLeo-Bram & Co. announced Friday.

Counseling service inks lease at mixed-use site in Burlington County

A counseling service has signed a long-term lease within a mixed-use property in Burlington County, brokers with Vantage Real Estate Services announced Friday.