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
Net leased dollar store property sells for $2.1 million, Marcus & Millichap says

A developer has sold an 8,500-square-foot retail property in Elizabeth for more than $2 million, according to brokers with Marcus & Millichap who orchestrated the deal.

Retail
LA Fitness coming to repositioned Newark retail center

A real estate investor has secured the approvals to build an LA Fitness in Newark, marking a major step forward for its redevelopment of a former Pathmark site.

Retail
NAI Hanson brokers sale of Route 22 gas station

The new owner of a service station in Scotch Plains is set to modernize the 2,000-square-foot property, following a transaction brokered by NAI James E. Hanson.

Events
Monmouth students offer vision for Roche site, win top prize at NAIOP competition

A team of Monmouth University students earned top honors recently at NAIOP New Jersey’s annual Intercollegiate Case Study Competition, offering a vision for redeveloping the former Hoffmann-LaRoche campus in Nutley and Clifton.

Finance & Capital Markets
Procida finances three retail centers for $5.86 million

Procida Funding has closed on three loans for nearly $6 million that will support retail centers in Morris, Essex and Hunterdon counties, the Englewood Cliffs-based lender said recently.

Industrial
Retail, warehouse property in East Brunswick changes hands

An investment group has acquired a 41,500-square-foot retail and warehouse property in East Brunswick, in a deal announced Thursday by Sheldon Gross Realty.

Residential & Mixed Use
Marcus & Millichap: Red Bank property fetches $6.3 million

A private investor has sold a mixed-use, 23,000-square-foot property in Red Bank for more than $6 million, brokers with Marcus & Millichap announced Monday.

Residential & Mixed Use
Irvington residential, retail portfolio trades for $17.8 million

A seven-building residential and retail portfolio in Irvington has changed hands for nearly $18 million, in a transaction brokered by The Kislak Co. Inc.

Events
Student housing, Holtec projects among honorees at USGBC awards gala

The U.S. Green Building Council New Jersey chapter will celebrate six real estate and infrastructure projects at its upcoming awards gala, including a student housing development at Princeton University and a transformative manufacturing campus in Camden.

Residential & Mixed Use
Paramount plans fall opening for 37-unit Newark rental project

A developer is on track to deliver 37 new luxury apartments in Newark this fall, as part of its adaptive reuse of a historic commercial property in the downtown.