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.

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.

Retail
New Jersey real estate projects, people take center stage at annual ULI gala (PHOTOS)

Commercial real estate industry leaders gathered recently to celebrate a host of projects and individuals as part of the Urban Land Institute of Northern New Jersey’s annual awards gala.

Finance & Capital Markets
Hackettstown retail center owner inks $16 million permanent loan, Cronheim says

The owner of a Walmart-anchored shopping center in Hackettstown has refinanced the property for $16 million, in a newly announced transaction by Cronheim Mortgage.

Finance & Capital Markets
Hoboken retail center owner refinances for $25 million, JLL says

The owner of a ShopRite-anchored retail property in Hoboken has refinanced the center for $25 million, according to a debt placement team with JLL.

Retail
Auto repair shop eyes expansion after buying Hackensack building, NAI Hanson says

A tenant at an auto repair building in Hackensack is planning to expand after buying the 22,000-square-foot property, in a newly announced deal by NAI James E. Hanson.

Retail
JLL: Buyer wanted for 91,000 sq. ft. shopping center on Route 46

The owner of a nearly 91,000-square-foot retail center in Woodland Park has put the property on the market for sale, in a new offering by JLL’s New Jersey capital markets team.

Retail
Old Navy leases 14,000 sq. ft. at Kearny Plaza shopping center, Welco says

A new Old Navy store has come to a 62,000-square-foot shopping center in Kearny, in a newly announced transaction by Welco Realty Inc.