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.

Industrial
REIT plans to convert Lodi retail building to last-mile industrial site, Resource Realty says

A real estate investment trust is set to convert a former big-box retail site in Lodi into more than 170,000 square feet of industrial space, the property’s leasing team announced Tuesday.

Retail
Gym, restaurant leases bring Hamilton shopping center to full occupancy

A decades-old Mercer County shopping center is at full occupancy after new leases with a fitness chain and a new restaurant, according to brokers with R.J. Brunelli & Co.

Retail
JLL inks retail leases with axe-throwing venue, three others, totaling 19,000 sq. ft.

The country’s largest axe-throwing venue is leasing more than 14,000 square feet in Bergen County, in the largest of four newly announced transactions by JLL.

Retail
Weiss Realty helps coffee shop, pizzeria donate to front line workers in Edison

Tenants at an Edison shopping center are helping front-line workers in the COVID-19 crisis, providing meals, snacks and coffee to hospital employees and police and fire personnel.

Finance & Capital Markets
Investors eye buying, selling opportunities despite COVID challenges

Commercial real estate still holds opportunities for both sellers and investors — including those in New Jersey — provided they can navigate the challenges of the COVID-19 crisis. That was the message from experts who gathered for a virtual panel discussion on the state of capital markets in the Garden State and elsewhere.

Retail
Madison retail property sells for $5.9 million, Marcus says

A buyer has paid nearly $6 million to acquire a roughly 10,000-square-foot retail property in Madison, under a sale arranged by Marcus & Millichap.

Retail
Chicken wing chain inks lease for Camden County pad site

A chicken wing chain is adding a new build-to-suit location in Camden County, following a transaction arranged by brokers with Vantage Real Estate Services.

Retail
Woodland Park retail center changes hands, Colliers says

A special servicer has sold a 50,000-square-foot retail complex in Woodland Park, brokers with Colliers International announced Thursday.

Retail
Retail, office building in South Orange trades for $11.6 million, Kislak says

A mixed-use property in downtown South Orange has changed hands for $11.6 million, in a newly announced transaction by The Kislak Co.

Retail
Sheldon Gross inks sale of East Hanover strip center

An investor has purchased a nearly 27,000-square-foot strip mall in East Hanover, under a newly completed transaction by Sheldon Gross Realty.