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
Black Bear inks $5.6 million refi for Burlington medical, retail center

The owner of a medical office and retail complex in Burlington County has refinanced for $5.6 million, in one of several newly announced transactions by Black Bear Capital Partners.

Health Care & Education
CBRE: Orthopedic, dental practices take 16,000 sq. ft. at Woodbridge complex

The developer of a new retail and medical complex in Woodbridge has filled nearly 16,000 square feet after inking new leases with an orthopedic practice and a dental group.

Retail
LMC touts 165,000 sq. ft. in leases, renewals during COVID emergency

Burlington Stores has leased 47,000 square feet at a Secaucus shopping center, in the largest of several newly announced transactions by Levin Management Corp.

Retail
Church acquires site of former ski, outdoor sports shop in Cherry Hill

A congregation has acquired the longtime home of an outdoor sports business in Cherry Hill, in a newly completed transaction by Wolf Commercial Real Estate.

Retail
Marcus inks $1.6 million sale of net-leased mattress store property

A private seller has reaped $1.6 million from the sale of a retail property on Long Island, in a transaction by Marcus & Millichap’s New Jersey office.

Retail
Larken, law firm ink 2,700 sq. ft. lease in Raritan Borough

Larken Associates is welcoming a new tenant to a Somerset County shopping center, having signed a 2,700-square-foot lease with a personal injury law firm.

Industrial
Tulfra breaks ground on self-storage project at Rochelle Park redevelopment site

Tulfra Real Estate has started construction at the site of a self-storage facility in Rochelle Park, part of a plan to redevelop a former AT&T data center site near Route 17.

Finance & Capital Markets
Pandemic slows first-half investment sales in northern, central New Jersey, DiLeo-Bram says

Commercial real estate investors across five New Jersey counties took a cautious approach during the coronavirus outbreak, as transaction volume fell through the first half of the year.

Retail
Furniture store opens in Paramus after backfilling Route 17 space, Goldstein Group says

A furniture business has opened its doors in Paramus, following its acquisition last year of a nearly 18,000-square-foot building on Route 17.

Retail
Optical chain opens 3,000 sq. ft. store at Raritan retail center, LMC says

A Somerset County shopping center has reached full occupancy with the debut of a 3,000-square-foot store by a national optical retailer.