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 issues RFQ for long-awaited, mixed-use downtown redevelopment

Scotch Plains has kicked off its search for a developer that can bring new commercial, residential and civic spaces to its downtown, under a long-discussed plan by the municipality.

Retail
Tenants lease a combined 11,000 sq. ft. at Route 17 shopping center, Goldstein Group says

Four tenants have signed leases at a busy shopping center on Route 17 in East Rutherford, according to brokers with The Goldstein Group.

Finance & Capital Markets
G.S. Wilcox sources $10.7 million loan for Long Island grocery store property

The owner of a 70,000-square-foot supermarket property in New York’s Suffolk County has secured $10.7 million in financing, in a deal arranged by G.S. Wilcox & Co.

Office
Deugen, Greenwood plan new retail and office space at historic Montclair warehouse

A joint venture is set to restore and repurpose a historic warehouse in Montclair, with plans to bring new retail and creative office space to the municipality’s acclaimed downtown.

Retail
KenKap: Mixed-use Elizabeth property trades for $3.7 million

A buyer has paid $3.7 million for a 37,000-square-foot mixed-use property in Elizabeth, under a newly completed transaction by KenKap Realty Corp.

Retail
Bordentown auto repair building sells for $2.2 million, Fennelly says

NAI Fennelly has negotiated the sale of a 6,400-square-foot auto repair building on Route 206 in Bordentown for $2.175 million.

Office
Sanzari taps industry veteran as new general manager at Glenpointe

Alfred Sanzari Enterprises has named Jessica Halpin as its general manager of Glenpointe, the firm’s flagship 670,000-square-foot corporate campus in Teaneck.

Retail
CBRE New Jersey team named leasing agent for brewery, restaurant company

A growing brewery and restaurant chain has tapped a New Jersey-based team with CBRE to spearhead its expansion across the U.S.

Retail
JLL: Fairfield-based Lamar Cos. joins in $80 million purchase of Puerto Rico retail portfolio

A partnership that includes a Fairfield-based real estate firm has acquired four retail centers in Puerto Rico for more than $80 million, in a newly announced deal by JLL.

Retail
Cigar shop picks first N.J. location, takes 1,500 sq. ft. at Sanzari-owned center in Hackensack

Mohegan Smoke Shop LLC has leased 1,540 square feet at Summit Plaza, an 88,000-square-foot retail complex in Hackensack owned by Alfred Sanzari Enterprises