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.

Cover Story
Russo Development is bullish on Kearny — and the ability to tap an underserved market

Russo Development has delivered more than 500 apartments in Kearny since mid-2018, with hundreds more in its pipeline, seeing an opportunity in a town that is minutes from downtown Newark and the ability to capture renters who are priced out of neighboring submarkets.

Retail
Coffee, halal chains coming to Ironside Newark as first retail tenants

Edison Properties has landed the first two retail tenants at its Ironside Newark project, luring a café operator and an international halal food chain to the adaptive reuse project.

Retail
Four new retailers opening at Bell Works

Four new retailers are planning to open stores at Bell Works, the sprawling mixed-use destination created by Somerset Development at the former Bell Laboratories in Holmdel.

Finance & Capital Markets
JLL details equity, debt package for 267-unit Elizabeth project

The firms behind a high-profile redevelopment project in Elizabeth have landed more than $20 million in equity alongside a $55 million construction loan, under a set of transactions by JLL.

Top News
LMC named management agent at Somerset County shopping center

Levin Management Corp. has added to its leasing and management portfolio in New Jersey, taking over a 67,500-square-foot retail property in the Franklin Park section of Franklin.

Retail
Phillipsburg retail property fetches $4.7 million, Marcus says

A partnership has sold a nearly 20,000-square-foot retail property in Phillipsburg, in a $4.72 million transaction arranged by Marcus & Millichap.

Retail
CBRE: Retailers turning to in-store fulfillment, extra staffing amid holiday crush

This year’s shortened holiday shopping season has placed added pressure on retailers and their shipping partners, prompting new in-store solutions for delivery and returns and the need to hire additional seasonal workers for distribution and fulfillment.

Top News
LMC touts flurry of post-Labor Day leasing for discounters, restaurants

Off-price brands, dining and personal services have fueled retail leasing since Labor Day, Levin Management Corp. said, touting nearly 200,000 square feet of activity over the past 90 days.

Retail
Vantage RES: Bridal boutique takes 800 sq. ft. at Cherry Hill center

A bridal boutique is expanding its footprint in southern New Jersey with the completion of a new lease in Cherry Hill, according to Vantage Real Estate Services.

Professional Services
With Whole Foods coming to Jersey City, hometown engineering team plays key role

In a Jersey City building, the place where you park your Lexus is going to become the place where you pick up lettuce — a change that has required the help of a locally based engineering team.