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
West New York retail, office building trades for $6.5 million

A private investor has paid $6.5 million for a mixed-use, 21,000-square-foot building in West New York, in newly completed transaction by Marcus & Millichap Capital Corp.

Retail
Sherwin Williams takes space at Passaic redevelopment project

Sherwin Williams has expanded its footprint in northern New Jersey with the completion of a new lease in Passaic, brokers with The Goldstein Group announced this week.

Government & Public Policy
Lennar to develop mixed-use town center at Fort Monmouth ‘gateway’ parcel, state says

State officials are detailing new plans for a town center development at the historic Fort Monmouth property, having agreed to sell a prominent 73-acre parcel to a Lennar Corp. affiliate.

Retail
NAI Hanson closes sale of Wells Fargo lot in Hackensack

Wells Fargo has sold a quarter-acre lot near Hackensack’s rapidly growing downtown, in a newly completed transaction by NAI James E. Hanson.

Retail
Atlantic County retail center fetches $60 million

A real estate investment firm has landed in Atlantic County for its largest purchase of the year to date, acquiring a nearly 400,000-square-foot retail power center for $60 million.

Retail
Old Navy inks 12,500 sq. ft. lease at new Parsippany retail center

Old Navy has joined the roster at a newly built shopping center in Parsippany, where it will occupy 12,500 square feet alongside tenants such as Whole Foods Market and Shake Shack.

Retail
Ex-bank location changes hands in Jersey City Heights, NAI Hanson says

Wells Fargo has sold a two-story former branch location in the Jersey City Heights neighborhood, brokers with NAI James E. Hanson announced Wednesday.

Retail
C&W touts flurry of restaurant leases in North Jersey, metro New York

More than a dozen dining operators have combined to lease 37,000 square feet in and around northern New Jersey, in a series of deals arranged by Cushman & Wakefield.

Retail
Lee & Associates inks sale of bank ground lease, office building in Chatham

An investor has paid $4.1 million to acquire a TD Bank ground lease in downtown Chatham, in one of several newly completed transactions by Lee & Associates New Jersey.

Professional Services
NAI Mertz hires veteran business executive as sales associate

NAI Mertz has added a new broker to its Mount Laurel-based team, one who will focus on retail, medical and office space listings.