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.

Retail
Tulfra, Hampshire tout momentum at Belleville site with construction loan, Starbucks lease

Tulfra Real Estate and The Hampshire Cos. have landed a nearly $6.4 million loan to fund the construction of three additional retail pads at a mixed-use site in Belleville.

Government & Public Policy
Scotch Plains issues RFQ for long-awaited, mixed-use downtown redevelopment

Scotch Plains has kicked off its search for a developer that can bring new commercial, residential and civic spaces to its downtown, under a long-discussed plan by the municipality.

Retail
Tenants lease a combined 11,000 sq. ft. at Route 17 shopping center, Goldstein Group says

Four tenants have signed leases at a busy shopping center on Route 17 in East Rutherford, according to brokers with The Goldstein Group.

Finance & Capital Markets
G.S. Wilcox sources $10.7 million loan for Long Island grocery store property

The owner of a 70,000-square-foot supermarket property in New York’s Suffolk County has secured $10.7 million in financing, in a deal arranged by G.S. Wilcox & Co.

Office
Deugen, Greenwood plan new retail and office space at historic Montclair warehouse

A joint venture is set to restore and repurpose a historic warehouse in Montclair, with plans to bring new retail and creative office space to the municipality’s acclaimed downtown.

Retail
KenKap: Mixed-use Elizabeth property trades for $3.7 million

A buyer has paid $3.7 million for a 37,000-square-foot mixed-use property in Elizabeth, under a newly completed transaction by KenKap Realty Corp.

Retail
Bordentown auto repair building sells for $2.2 million, Fennelly says

NAI Fennelly has negotiated the sale of a 6,400-square-foot auto repair building on Route 206 in Bordentown for $2.175 million.

Office
Sanzari taps industry veteran as new general manager at Glenpointe

Alfred Sanzari Enterprises has named Jessica Halpin as its general manager of Glenpointe, the firm’s flagship 670,000-square-foot corporate campus in Teaneck.

Retail
CBRE New Jersey team named leasing agent for brewery, restaurant company

A growing brewery and restaurant chain has tapped a New Jersey-based team with CBRE to spearhead its expansion across the U.S.

Retail
JLL: Fairfield-based Lamar Cos. joins in $80 million purchase of Puerto Rico retail portfolio

A partnership that includes a Fairfield-based real estate firm has acquired four retail centers in Puerto Rico for more than $80 million, in a newly announced deal by JLL.