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
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.

Retail
Gaming hall takes 2,500 sq. ft. in Mahwah, Midtown Commercial says

A tabletop gaming venue has joined the roster at a grocery-anchored retail center in Mahwah, in a newly announced transaction by Midtown Commercial Realty.

Retail
Fitness, personal training academy takes 11,000 sq. ft. in Hamilton, R.J. Brunelli says

A fitness and personal training business is taking nearly 11,000 square feet at a Hamilton retail center, in the largest of several newly announced leases by R.J. Brunelli & Co.

Retail
Italian trattoria moves to Short Hills, Midtown Commercial says

An Italian restaurant is relocating within Essex County, under a newly announced lease by Midtown Commercial Realty.

Government & Public Policy
FMERA issues requests for proposals to redevelop 82-acre Fort Monmouth parcel

State officials are now accepting proposals for a key parcel at Fort Monmouth, touting an opportunity to redevelop more than 80 acres at the gateway of the historic property.