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.

Government & Public Policy
Scotch Plains seeking developer, forging ahead with long-awaited downtown revival

Scotch Plains is seeking a developer after recently adopting a long-awaited redevelopment plan for its downtown, aiming to create a vibrant hub with a mix of retail, restaurants, housing, a consolidated library and town hall, public plazas and parking.

Retail
Ripco named leasing agent for 48,000 sq. ft. retail space in Paramus

Olshan Properties, the owner of a prominent retail property in Paramus, has tapped Ripco Real Estate to market 48,000 square feet at the site.

Retail
East Brunswick strip mall sells for $4 million, Marcus says

A personal trust has sold a nearly 17,000-square-foot strip mall along East Brunswick’s busy Route 18 corridor, according to a brokerage team with Marcus & Millichap.

Professional Services
Retail brokerage adds veteran builder, developer Langan to New Jersey team

A veteran construction and commercial real estate executive in New Jersey has joined Legend Properties as a senior sales associate.

Retail
LMC: Optometrist takes 2,200 sq. ft. at Monmouth shopping center

An optometry practice will be the latest tenant at a Manasquan shopping center after agreeing to lease 2,200 square feet at the property, according to Levin Management Corp.

Retail
JDA expands footprint to Ocean County, acquiring 6,000 sq. ft. bank property

JDA Group LLC has purchased a 6,000-square-foot bank building in Lacey Township, marking the development and investment firm’s entrance to the Ocean County retail market.

Retail
Developer sells Woodland Park retail property for $2.6 million, Marcus says

A developer has sold a fully leased, 12,000-square-foot retail property in Woodland Park, in a newly announced transaction by Marcus & Millichap.

Top News
Atkins Cos. founder, patriarch Steve Atkins dies at 97

Atkins Cos. is mourning the loss of S. Stephen Atkins, the founder of the multigenerational commercial real estate firm based in West Orange, who died Saturday at age 97.

Retail
Sherwin-Williams takes 3,400 sq. ft. at Kearny shopping center, Goldstein Group says

Sherwin-Williams has leased more than 3,400 square feet of retail space in a fast-growing section of Kearny, in a newly announced transaction by The Goldstein Group.

Professional Services
NAI Mertz announces two promotions

NAI Mertz has promoted Chris Matus to director and Jared Licht to senior associate.