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
JLL inks sale of grocery-anchored center in Upstate New York

An investment firm has acquired a grocery-anchored retail center in Upstate New York, in a transaction arranged by JLL’s New Jersey capital markets group.

Retail
R.J. Brunelli seeking second tenant for ex-Sears building in Monmouth County

The owner of a 775,000-square-foot power center in Monmouth County has tapped R.J. Brunelli & Co. to help it backfill part of a former Sears building.

Finance & Capital Markets
Meridian touts $277 million refi for apartment, retail portfolio in Morris and Camden counties

A multifamily and retail owner has refinanced four New Jersey properties for more than $275 million, in a series of recent transactions by Meridian Capital Group.

Retail
Trader Joe’s opens at new March Associates shopping center in Wayne

A new Trader Joe’s has opened its doors in Wayne, anchoring a long-awaited, 50,150-square-foot shopping center developed by March Associates Construction.

Retail
Three new tenants join Burlington retail center, leasing a combined 57,000 sq. ft.

The owner of a Burlington shopping center is touting the addition of three new national tenants, following a recent renovation of the nearly 400,000-square-foot property.

Retail
Goldstein Group: Appliance store opens 4,700 sq. ft. space at Paramus strip center

An appliance store has opened its doors at a Paramus strip center, joining two other tenants to bring the 13,000-square-foot property to full occupancy.

Retail
Vietnamese restaurant coming to Haddon Heights strip center, Vantage RES says

The owner of an 11,000-square-foot shopping center in Camden County has inked a lease with a Vietnamese restaurant, bringing the property to full occupancy.

Finance & Capital Markets
Kennedy Funding lends $3 million for Florida hospitality, entertainment project

A developer has acquired more than 100 acres along Florida’s Gulf Coast thanks to a newly completed, $3 million loan provided by Kennedy Funding.

People
Larken names new director of finance

Larken Associates has hired a veteran accounting manager as its new director of finance.

Residential & Mixed Use
Developer launches site work, proceeds with adaptive reuse of historic Paterson complex

A developer is moving ahead with a sweeping adaptive reuse plan in Paterson, where it hopes to transform a historic industrial complex into a destination for residents and businesses.