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.

Government & Public Policy
EDA now taking applications for new Aspire gap financing program

The state’s Economic Development Authority is now accepting applications for Aspire, its new place-based gap financing program for commercial and residential projects.

Retail
Fast-food, health care users vying for ex-bank locations with drive-thrus

Former bank buildings with drive-thru lanes have drawn interest from fast-food chains, medical office tenants and investors during the pandemic, thanks in large part to their structural features and prime locations.

Retail
LMC marks 1.2 million sq. ft. of deal activity in 2021, expects continued growth

Levin Management Corp. is marking a record year in which it closed 1.2 million square feet in transaction activity, in a hopeful sign for the health of brick-and-mortar retail.

Retail
New York investor buys ex-furniture store building in Paramus, NAI Hanson says

The former home of a furniture store in Paramus is under new ownership, following a transaction arranged by NAI James E. Hanson.

Residential & Mixed Use
Builder wins approval for 44-unit East Orange rental project, Taylor Architecture says

A developer is moving ahead with plans for a new 44-unit apartment building in East Orange after securing a key local entitlement for the project.

Retail
Goldstein Group: Four tenants ink leases on Hudson County’s Bergenline Avenue

Four tenants have leased a combined 12,000 square feet along a well-known retail corridor in Hudson County, in a series of deals arranged by The Goldstein Group.

Retail
Dentist takes 2,700 sq. ft. at new Eastampton apartments, Vantage Commercial says

A dental practice has leased nearly 2,700 square feet at a newly developed apartment property in Burlington County, in a newly announced transaction by Vantage Commercial.

Retail
Investor buys 10,000 sq. ft. daycare center building in Montgomery, NAI Hanson says

A local investor has purchased the site of a 10,000-square-foot daycare center building in Somerset County, according to a brokerage team with NAI James E. Hanson.

Retail
Three new dining, retail tenants sign leases at Kushner’s Pier Village

Kushner has announced leases with three new dining and retail tenants at Pier Village, the acclaimed mixed-use, oceanfront destination in Long Branch.

Retail
Marcus inks $3.9 million sale of Freehold retail property

A private investor has sold a nearly 20,000-square-foot retail property in Freehold, in a newly announced transaction by Marcus & Millichap.