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.

Deals
STRO adds 53,000 sq. ft. commercial building in Paramus

The STRO Cos. has purchased a nearly 53,000-square-foot commercial building in Paramus, in a transaction arranged by Jeffery Realty.

Retail
Tenant at Plainfield retail building acquires property, NAI DiLeo-Bram says

NAI DiLeo-Bram & Co. has negotiated the sale of a 12,143-square-foot retail property in Plainfield for $1.7 million, the brokerage firm announced.

Retail
Joint venture sells 129,000 sq. ft., ShopRite-anchored center in Hackensack, JLL says

JLL has negotiated the sale of Riverfront Plaza, a 129,000-square-foot shopping center anchored by ShopRite in Hackensack.

Office
Saxum sells repositioned office, retail building in Montclair for $18 million, Marcus says

An investor has purchased a newly renovated office and retail building in downtown Montclair for $18 million, brokers with Marcus & Millichap announced Tuesday.

Retail
CBRE: Milbrook acquires 190,000 sq. ft. West Caldwell retail center for $47 million

A joint venture has sold a nearly 190,000-square-foot, grocery-anchored shopping center in West Caldwell for $47 million, according to a brokerage team with CBRE. 

Retail
NAI Hanson: SportsCare takes 2,400 sq. ft. at Bergenfield strip center

A physical therapy chain has leased nearly 2,500 square feet of retail space in downtown Bergenfield, in a newly announced transaction by NAI James E. Hanson.

Residential & Mixed Use
Somerset County apartment, retail building trades for $4.1 million, Deluccia says

An apartment and retail building in Somerset County has changed hands for more than $4.1 million, in a newly announced deal by Deluccia Commercial Group.

Retail
ShopRite expansion among three recent deals at Delran retail center, LMC says

ShopRite has expanded its footprint at a Burlington County shopping center, in one of three recent transactions at the property by Levin Management Corp.

Finance & Capital Markets
Marcus & Millichap inks $3 million acquisition loan for Camden County drugstore property

The buyer of a triple-net-leased drugstore property in Camden County has secured nearly $3 million in financing, under a deal arranged by Marcus & Millichap Capital Corp.

Office
Tech founder plans ‘lifestyle’ business center at Fort Monmouth site

A group with ties to a local technology firm has acquired 12 acres at Fort Monmouth, with plans to create a mixed-use business center with office, retail and hospitality space.