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
Mexican eatery inks lease at Cherry Hill retail center, Vantage Commercial says

A fast casual restaurant chain has signed a long-term lease at a Cherry Hill shopping center, in a newly announced transaction by Vantage Commercial.

Retail
LMC: Hallmark renews, expands to 6,000 sq. ft. at Bridgewater shopping center

A family-owned Hallmark store has renewed and expanded its lease at a Bridgewater shopping center, under a transaction arranged by Levin Management Corp.

Professional Services
Transwestern to close New Jersey office in early April, company says

Transwestern is closing its New Jersey office next month, a company representative said, in a move that comes a decade after the commercial real estate services firm entered the market.

Retail
Hoboken landlord announces 16 new leases across retail, office portfolio

A locally based developer and property owner has announced 16 new commercial leases across its Hoboken portfolio, bringing a host of new businesses to the Mile Square City.

Retail
NAI DiLeo-Bram: Korean eatery takes 2,200 sq. ft. at mixed-use Somerville building

A homestyle Korean restaurant has leased nearly 2,200 square feet at a historic building in downtown Somerville, according to brokers with NAI DiLeo-Bram & Co.

Government & Public Policy
New grants for New Jersey towns, cities could boost redevelopment opportunities

Business leaders are cheering the passage of a new economic development incentives law in New Jersey, following a two-year battle in Trenton and the added uncertainty of the pandemic. Yet some stakeholders are pointing to a far less heralded, less contentious piece of the New Jersey Economic Recovery Act as a key tool for spurring new investments around the state.

Retail
LMC: Under new ownership, seafood market signs 1,500 sq. ft. lease in Westfield

A local seafood market has inked a 1,500-square-foot lease at a freestanding building in Westfield, in a transaction arranged by Levin Management Corp.

Health Care & Education
Prism taps Newmark Associates to lease health care space at West Orange project

Prism Capital Partners has picked Newmark Associates as its leasing agent for health care and medical office space at its 21-acre, mixed-use Edison Village project in West Orange.

Retail
CBRE: Auto dealership chain inks $55 million sale-leaseback in New Jersey, Pennsylvania

An automotive group has completed a $55 million sale-leaseback involving a series of dealerships and other buildings in New Jersey and Pennsylvania, in a deal arranged by CBRE.

Government & Public Policy
New Jersey legalizes cannabis in long-awaited move with social justice, economic impacts

Adult use of cannabis is now legal in New Jersey, cementing a key piece of Gov. Phil Murphy’s agenda and paving the way for what could be an impactful industry for commercial real estate.