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
Somerset Development marks milestone for Bell Works, provides $5.2 million to Holmdel

Somerset Development announced that it has provided more than $5 million to the township of Holmdel, fulfilling a redevelopment agreement tied to the acclaimed transformation of the iconic former Bell Labs facility into the 2 million-square-foot, mixed-use Bell Works campus.

Retail
Edison auto dealer site on the market for sale, Lee & Associates New Jersey says

The owner of a car dealership property in Edison is seeking a buyer, having retained Lee & Associates New Jersey to market the parcel.

Retail
LMC: Bank leases 2,100 sq. ft. at Chatham shopping center

A shopping center near downtown Chatham is now fully leased after a commitment by a growing New Jersey bank, brokers with Levin Management Corp. announced.

Retail
Rose Commercial inks South Jersey retail leases with jeweler, smoothie franchise

A local jeweler has moved into 2,500 square feet at a Cherry Hill shopping center, in the largest of three new retail leases by Rose Commercial Real Estate.

Professional Services
How CBRE webinar series became a pandemic staple — and a valuable tool going forward

CBRE’s tristate capital markets team has stayed connected with clients and colleagues throughout the pandemic, thanks to a series of webinars and virtual programs that have drawn thousands of viewers since the earliest days of the crisis in the U.S.

Professional Services
Newmark promotes two to executive vice president

Newmark Associates has announced two key promotions as part of an expansion of its business development team and ongoing growth in lease and sales transactions.

Professional Services
LMC adds new leasing rep for growing retail portfolio

Levin Management Corp. has bolstered its regional leasing team with the addition of a longtime brokerage professional.

Retail
JLL inks sale of grocery-anchored center in Upstate New York

An investment firm has acquired a grocery-anchored retail center in Upstate New York, in a transaction arranged by JLL’s New Jersey capital markets group.

Retail
R.J. Brunelli seeking second tenant for ex-Sears building in Monmouth County

The owner of a 775,000-square-foot power center in Monmouth County has tapped R.J. Brunelli & Co. to help it backfill part of a former Sears building.

Finance & Capital Markets
Meridian touts $277 million refi for apartment, retail portfolio in Morris and Camden counties

A multifamily and retail owner has refinanced four New Jersey properties for more than $275 million, in a series of recent transactions by Meridian Capital Group.