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.

Sponsored Content
It’s here: Preparing for the upcoming recreational cannabis haze and craze

It is anticipated that state regulators will unveil the application process at any time within the next several weeks in order to commence the processing and issuance of recreational cannabis licenses in New Jersey. Thus, there is considerable excitement amongst real estate operators and potential cannabis businesses for the inevitable rapid and (likely) significant growth of the cannabis industry in New Jersey in the coming months and years. Notwithstanding such, as cannabis businesses will be highly regulated at both the state and local level (and remain illegal under federal law), it is critical that property owners and business owners fully evaluate the many regulatory, zoning, operational, and financing challenges associated with utilizing properties for cannabis uses.

Retail
Ex-bank building in Atlantic County changes hands, Vantage Commercial says

A consumer reporting agency has purchased a former bank building in Atlantic County, in a transaction arranged by Vantage Commercial.

Retail
JLL: Bakery chain leasing 2,300 sq. ft. in Newark for third New Jersey location

A well-known bakery is expanding its footprint in New Jersey, inking a new 10-year lease for a retail location in downtown Newark.

Retail
T-Mobile takes 2,200 sq. ft. in downtown Newark, Goldstein Group says

T-Mobile is adding a new location in Newark after leasing more than 2,200 square feet at a prominent corner in the downtown, brokers with The Goldstein Group said Monday.

Retail
Café set to open at new luxury apartment complex in Bogota

A new eatery is coming to the ground floor of a recently opened luxury apartment complex along the banks of the Hackensack River in Bogota.

Residential & Mixed Use
Kislak inks $11 million apartment sale in Central Jersey, part of 1031 exchange

An investor has sold an apartment property in central New Jersey for $11 million, in the first piece of a two-leg transaction arranged by The Kislak Co. Inc.

Retail
LMC: Poke bowl shop takes 2,400 sq. ft. at Flemington shopping center

An Asian fusion restaurant has committed to a new location in Flemington, having leased more than 2,000 square feet inside a prominent shopping center in the borough.

Retail
Jamaican eatery signs lease at Haddon Heights shopping center

A Jamaican restaurant is joining the tenant roster at a Camden County shopping center, brokers with Vantage Commercial announced Friday.

Retail
March Construction breaks ground on Toms River retail center, with Brunelli as leasing agent

March Construction has broken ground on a new 12,600-square-foot retail center at 1882 Hooper Ave. in Toms River — Courtesy: March Construction/R.J. Brunelli & Co. LLC

Government & Public Policy
Developer secures final approval for 500,000 sq. ft. mixed-use project in Hoboken, Jersey City

Local officials have cleared the way for a developer to break ground on what will be 500,000 square feet of new commercial and residential space at the border of Hoboken and Jersey City.