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
Monmouth retail center that will house new ShopRite sells for $32 million

A buyer has paid $32 million to acquire a fully leased, soon-to-be-repositioned retail center in Monmouth County that will be home to a new ShopRite location.

Professional Services
NAI DiLeo-Bram adds retail expert to growing brokerage team

NAI DiLeo-Bram & Co. has made another addition to its brokerage team, seeking to expand its foothold in the changing retail sector.

Retail
Growing smoothie, acai bowl chain adds 2,500 sq. ft. location in Holmdel

A national smoothie and acai bowl franchise has opened a new 2,500-square-foot location at a Holmdel shopping center, under a newly announced lease by Kraft Development II.

Finance & Capital Markets
JLL taps Klein as co-head of New Jersey capital markets group

JLL has named a new co-head of its New Jersey capital markets team, tapping a veteran broker to oversee the firm’s debt and equity placement business in the region.

Government & Public Policy
State seeking new bids, proposals for 80-acre ‘gateway’ parcel at Fort Monmouth

One of the top parcels at the former Fort Monmouth site is back on the market, as state officials seek a new plan for bringing residential and commercial uses to the 80-acre development site.

Office
Atkins, Woodmont pivot to medical office in final stretch of town center project

A joint venture is building new medical office space at what was slated to be a standalone retail building in Gloucester County, citing tremendous demand from area health care users.

Residential & Mixed Use
Paterson apartment, commercial building trades for $8 million

A private investor has acquired 38 apartments and commercial space in Paterson for nearly $8 million, according to brokers with Marcus & Millichap who arranged the deal.

Retail
Florist opening new location at Atlantic County center, Vantage RES says

A florist and gift shop has signed a new lease at an Atlantic County shopping center, in a transaction arranged by Vantage Real Estate Services.

Retail
Longtime owner sells Burlington retail center for $1.8 million

A retail center just outside Joint Base McGuire-Dix-Lakehurst in Burlington County has changed hands for $1.8 million, according to Feinberg & McBurney Realty/Development LLC.

Retail
Hair salon takes 950 sq. ft., relocates to New Milford

A hair salon has relocated within Bergen County after leasing nearly 1,000 square feet at a New Milford retail property.