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.

Finance & Capital Markets
CBRE: North Jersey among top 20 markets for net-lease investors in office, retail

As the demand for net-lease properties inches back toward pre-pandemic levels, northern New Jersey remains a top 20 market for investors targeting the office and retail sectors.

Finance & Capital Markets
Procida closes $5 million loan to third-generation furniture business in Bergen County

Procida Funding has provided more than $5 million in financing to the owners of a multigenerational furniture shop in southern Bergen County.

Finance & Capital Markets
Marcus inks $17 million loan for Linden multifamily, retail project

The developer of a 113-unit apartment building in Linden has secured more than $17 million in financing, in a newly announced deal by Marcus & Millichap Capital Corp.

Health Care & Education
Health system acquires ex-Sears store in Moorestown as part of mall redevelopment

A hospital system has acquired a former Sears building at a Burlington County mall, with plans to transform the structure into a 165,000-square-foot specialty care facility.

Residential & Mixed Use
Bedrin, March Associates break ground on Hawthorne project with apartments, self-storage

A joint venture has broken ground on a long-awaited project that will bring new apartments, a self-storage facility and a national fitness chain to the Passaic County borough of Hawthorne.

Retail
Burlington County retail center trades for $5 million, Marcus says

A private buyer has paid nearly $5 million for a retail center in the Burlington County township of Riverside, according to brokers with Marcus & Millichap.

Retail
Burrito chain inks five new leases among recent deals by Pierson Commercial

A fast casual chain serving burritos and other Mexican-style items is adding five new locations in and around New Jersey, in a series of recent transactions by Pierson Commercial.

Retail
Ulta Beauty taking 10,000 sq. ft. at Woodbridge retail center, LMC says

Ulta Beauty has signed a 10,000-square-foot lease to come to a Woodbridge shopping center, under a newly announced deal by Levin Management Corp.

Retail
Fitness, beauty tenants coming to Cherry Hill shopping center

Two new tenants are coming to a Cherry Hill shopping center, under a set of newly announced leases by Vantage Commercial.

Government & Public Policy
EDA opens application period for grant program aimed at stranded office, retail buildings

The state Economic Development Authority is now accepting applications for a grant program aimed at helping communities revitalize underutilized retail or office properties.