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
The S.Hekemian Group wins approval to redevelop Mercedes-Benz campus in Montvale

Local officials have cleared the way for a mixed-use, $150 million plan to redevelop the former Mercedes-Benz USA headquarters site in Montvale.

Residential & Mixed Use
Kislak inks four Jersey Shore investment sales for $7.5 million

Four Jersey Shore investment properties have changed hands for a combined $7.5 million, under a set of newly announced transactions by The Kislak Co. Inc.

Retail
Urgent care planned for ex-auto repair site in Bergen, Goldstein Group says

A former automotive repair building in Oradell is set to become the new home of an urgent care center, following a sale arranged by The Goldstein Group.

Government & Public Policy
Newark developers, city leaders unveil long-awaited park project near Prudential Center

Developers and city officials gathered in Newark on Thursday to mark a milestone more than a decade in the making — the opening of a new public park adjacent to the Prudential Center, setting the stage for a wave of new investment between the arena and Newark Penn Station.

Finance & Capital Markets
JLL inks $46.5 million refi for Howell shopping center

The owner of a Monmouth County shopping center has secured $46.5 million to refinance the property, under a newly announced transaction by JLL.

Retail
CBRE: Weight loss service inks 2,000 sq. ft. retail lease in Bound Brook

A weight loss service is among the newest tenants at a Somerset County shopping center, under a 2,000-square-foot lease announced Tuesday by CBRE.

Retail
Hamilton retail center sells for $3 million

A private investor has sold a fully leased, 11,500-square-foot retail center in Hamilton for $3 million, brokers with Marcus & Millichap announced last week.

Retail
Vantage RES inks lease for Marine Corps. recruiting center in Marlton

The U.S. military has leased 2,500 square feet at a Marlton shopping center, where it plans to open a new recruiting office for the Marine Corps.

Retail
Swim school takes 5,900 sq. ft. in Cedar Knolls

A growing swim school chain has leased nearly 6,000 square feet for a new location in Cedar Grove, under a transaction announced by The Goldstein Group.

Top News
Redevelopment of ‘white elephant’ in Parsippany is moving ahead, anchored by plans for downtown-style shopping and dining

Four years after acquiring a defunct office complex in Parsippany, Stanbery Development Co. is on a clearer path toward fulfilling its plans for a high-end, downtown-style destination at the 17-acre site, which includes about five acres in neighboring Hanover. Known as The District at 1515, the project calls for 100,000 square feet of retail space, 441 residential units and a hotel.