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
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.

Retail
Investor acquires grocery store property in Maplewood

An investor has purchased the former home of a Kings grocery store in Maplewood, under a recently announced transaction by Midtown Commercial Realty.

Retail
C&W: Investor acquires Bergen retail center for $13.5 million

An investment firm has acquired a fully leased, grocery-anchored shopping center in the southern tip of Bergen County, in a deal arranged by Cushman & Wakefield.

Retail
Jersey Mike’s leases 1,200 sq. ft. at Woodbridge shopping center, LMC says

The leasing team at a Woodbridge shopping center has brought the complex to full occupancy, having completed a 1,200-square-foot lease with Jersey Mike’s Subs.