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
Experts say ‘stranded’ office, retail sites can thrive as new-look community hubs

Experts say the way to revive outdated, underutilized commercial properties in New Jersey is to make the sites an essential part of their communities. That can mean increasing the amount of public green space or adding mixed-use elements, among other options aimed at redeveloping so-called stranded assets.  

Retail
New operator coming to former Kings grocery store in Maplewood, Midtown says

A new grocery store is set to open inside a former Kings Food Markets location in Maplewood, following a transaction arranged by Midtown Commercial Realty.

Retail
Ripco: Fast casual chain seeking 30 new locations in north, central New Jersey

A growing restaurant chain is seeking 30 new locations in northern and central New Jersey, having tapped Ripco Real Estate to help spearhead its expansion.

Retail
Mixed-use bank property in Somerville trades for $3 million, Marcus says

An investor has paid $3 million for a corner bank property in downtown Somerville, under a newly announced transaction by Marcus & Millichap.

Retail
Net-leased child care center in Hillsborough fetches $3.8 million

An investor has purchased the site of a nearly 10,000-square-foot child care center in Somerset County, under a newly announced transaction by Marcus & Millichap.

Retail
JLL: Investor buys Newark retail property, would-be redevelopment site for $9 million

A private investor has acquired a retail property in downtown Newark, brokers with JLL announced, touting a potential redevelopment opportunity in a growing section of the city.

Retail
Bergen County bank branch trades for $4.8 million, Marcus says

A net-leased Bank of America branch in Fair Lawn has changed hands for nearly $5 million, in a newly announced transaction by Marcus & Millichap.

Government & Public Policy
Transit village project, Gateway tunnel in focus in Buttigieg visit to Somerville

A new mixed-use transit village in downtown Somerville took center stage during a recent visit by U.S. Transportation Secretary Pete Buttigieg, highlighting the importance of infrastructure investment as Congress debates a $1 trillion spending package.

Retail
Marcus: Net-leased furniture store property trades for $5.9 million

A buyer has paid nearly $6 million for the site of a 60,000-square-foot furniture store in Monmouth County, in a newly completed deal by Marcus & Millichap.

Retail
Popeyes takes 2,500 sq. ft. at Morris County shopping center

Popeyes Louisiana Kitchen is adding a new location in the region after committing to space at a Morris County shopping center, under a deal announced by The Goldstein Group.