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
NYC café expands to new Jersey City high-rise built by KRE, Northwestern

An Australian-themed café has opened its first New Jersey location, taking space at the base of Kushner Real Estate Group’s newest luxury apartment tower in Jersey City.

Retail
Sussex County building with retail, apartments changes hands in NAI Hanson-brokered deal

The owner of a DJ and lighting equipment company has purchased a 10,000-square-foot mixed-use building in Sussex County, in a deal arranged by NAI James E. Hanson.

Retail
Urban Edge grows food, wellness offerings with new leases at Bergen Town Center

Urban Edge Properties has announced several new tenants at its Bergen Town Center property in Paramus, including two that will be marking their first locations in New Jersey.

Retail
Starbucks, Koto Asian Bistro coming to The Shops at Pier Village, Kushner says

Kushner Cos. has made two more additions to its retail and dining lineup at Pier Village in Long Branch, inking leases with Starbucks and a Japanese sushi steakhouse.

Retail
Owner of busy Millville shopping center draws Boot Barn with 14,000 sq. ft. lease

A growing footwear chain has leased more than 14,000 square feet in Millville, securing one of its two initial locations that it plans to open in New Jersey later this year.

Retail
Connecticut retail center fetches $58 million, in deal inked by Morristown-based JLL team

Investment manager TA Realty has purchased a Connecticut retail center for nearly $58 million, in a deal arranged by JLL’s Morristown-based capital markets group.

Finance & Capital Markets
Hekemian & Co. affiliate refis Sparta shopping center for $21 million, JLL says

The longtime owner of a nearly 90,000-square-foot shopping center in Sparta has secured $21.5 million in financing for the asset, according to a debt placement team with JLL.

Retail
FNRP names new vice president of NNN leasing, acquisitions

First National Realty Partners LLC has hired a longtime broker for the newly created position of vice president of triple-net leasing and acquisitions.

Retail
Piscataway parcels trade for combined $3.3 million, Boniakowski says

Three adjacent parcels in Piscataway are under new ownership after a series of newly announced transactions by The Boniakowski Commercial Real Estate Group.

Retail
Net-leased Best Buy property in Deptford trades for $17 million

The longtime owner of a single-tenant, net-leased Best Buy store in Deptford has sold the property for $17 million.