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.

Retail
LMC inks four renewals with Dollar Tree at New Jersey, Pennsylvania centers

Levin Management Corp. has completed four lease renewals with Dollar Tree, accounting for more than 40,000 square feet of activity in New Jersey and Pennsylvania.

Office
CPN inks sale of 6,400 sq. ft. office, retail building in Pennington

An office and retail building in Mercer County has changed hands for $650,000, in a newly announced transaction by Commercial Property Network Inc.

Retail
Vegan restaurant opens 2,200 sq. ft. Princeton location

A vegan restaurant has opened its doors in downtown Princeton, following a transaction arranged by Mercer Oak Realty.

Retail
Goldstein Group announces flurry of new retail property sales

A local congregation has acquired a 23,000-square-foot former strip center property in Middlesex County, in the largest of several new deals by The Goldstein Group.

Retail
Marcus inks $3 million sale of net-leased auto parts store on Route 22

A private investor has purchased a net-leased auto parts store in Somerset County for more than $3 million, under a newly announced transaction by Marcus & Millichap.

Retail
Fast-casual chicken finger chain seeks N.J. locations, picks R.J. Brunelli as agent

A fast-growing restaurant chain specializing in chicken fingers is seeking locations in New Jersey and New York, having tapped R.J. Brunelli & Co. as its agent in the market.

Retail
Midtown Commercial: Lobster restaurant acquires Millburn location, eyes expansion

A seafood restaurant is expanding its footprint in northern New Jersey with the acquisition of a new location in Millburn, according to brokers with Midtown Commercial Realty.

Retail
LMC: Eye care business under new ownership, keeps 2,000 sq. ft. Bridgewater location

An optical retailer is maintaining its presence at a Bridgewater shopping center, under a newly completed lease by Levin Management Corp. and Cushman & Wakefield.

Retail
Water ice parlor signs new lease, expanding to Cherry Hill

A water ice and ice cream parlor has signed a lease for a new location in Cherry Hill, in a newly completed transaction by Vantage Commercial.

Finance & Capital Markets
Institutional buyers, able to see past short-term uncertainty, still finding value in New Jersey

After treading lightly for much of the past year, institutional investors appear poised to accelerate their commercial real estate spending in 2021. New Jersey and other suburban markets could benefit in the near term as buyers await the return of New York City — especially in an apartment sector that is regaining its footing after stumbling during the pandemic.