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
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.

Retail
JLL: Investment group sells Burlington retail center for $25 million

A joint venture has reaped $25 million from the sale of a nearly 100,000-square-foot, grocery-anchored retail center in Burlington County, brokers with JLL said Wednesday.

Retail
Colliers named leasing agent of Atlantic County mall

An investment group has tapped Colliers International as its leasing agent at a 1 million-square-foot mall in Atlantic County, the real estate services firm announced Wednesday.

Finance & Capital Markets
NorthMarq sources $900,000 loan for East Rutherford post office building

The owner of a nearly 4,000-square-foot retail property in East Rutherford has closed on $900,000 in financing, in a newly completed transaction by NorthMarq.

Government & Public Policy
Developer, local officials offer vision for $500 million project in East Brunswick

A developer on Tuesday joined local officials in East Brunswick to present their vision for a $500 million redevelopment plan in the township, seeking to transform more than 40 acres of aging and underutilized retail property along the busy Route 18 corridor.

Retail
Education, automotive tenants take 16,000 sq. ft. at Monmouth retail project

A soon-to-be redeveloped retail property in Middletown has lured two new tenants, under a set of newly announced transactions by The Goldstein Group.

Retail
NKF: Pizza operator coming to new-look Journal Square office building

A pizza concept is joining the retail mix at an office building in Jersey City, whose owner has committed more than $10 million to reposition and upgrade the nine-story property.

Residential & Mixed Use
Russo details 86,000 sq. ft. amenity package at sprawling Union rental project (SLIDESHOW)

Russo Development has taken the wraps off more than 80,000 square feet of amenity space at its new 415-unit luxury residential project in Union.

Retail
Ex-Dressbarn site in Paramus fetches $2.2 million, CBRE says

The site of a former Dressbarn store in Paramus has changed hands for more than $2 million, following a transaction arranged by brokers with CBRE.