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.

Top News
Villanova students win top spot in annual NAIOP college case study competition

A team of Villanova University students took top honors for this year’s NAIOP New Jersey case study competition, offering a winning plan to repurpose a former silk mill in Paterson. 

Retail
Mahwah strip center sells for $10.6 million, Marcus says

A private investor has sold a fully leased shopping center in Mahwah for nearly $11 million, under a newly completed transaction by Marcus & Millichap.

Deals
Commercial portfolio in Camden changes hands, Vantage RES says

A local business owner has acquired a series of commercial properties in Camden, under a newly announced transaction by Vantage Real Estate Services.

Office
JLL: Owner of ex-Toys R Us headquarters eyes office, retail uses in repositioning plan

The new owner of the former Toys R Us headquarters in Wayne has tapped JLL to market the property, seeking a mixed-use, multitenant approach as it repositions the campus.

Retail
Realtors group acquires, plans headquarters at ex-Bennigan’s site in Bergen County

A realtors association has acquired a former restaurant building in Saddle Brook that it now plans to use as its future headquarters, according to brokers with The Goldstein Group.

Office
Office, retail property in Haddonfield trades for $750,000

A local investor has purchased a 6,400-square-foot mixed-use property in downtown Haddonfield, under a newly announced sale by Markeim Chalmers Inc.

Retail
Hampshire lists retail, self-storage REIT on Singapore exchange

The Hampshire Cos. has announced the listing of a real estate investment trust on the Singapore Exchange, with a portfolio that spans 3.2 million square feet of retail and self-storage space.

Retail
Newark: LMC named leasing, managing agent at grocery-anchored center

The owner of a four-year-old, grocery-anchored shopping center in Newark has tapped Levin Management Corp. as its leasing and management agent.

Deals
Education tenants add locations in Paramus, Fairview

A landlord in Bergen County has signed two leases with education tenants for a combined 6,500 square feet, under a pair of deals announced by Lee & Associates New Jersey.

Retail
Grocery-anchored center in Denville trades for $23 million, C&W says

An investment firm has acquired a grocery-anchored shopping center in Denville for more than $20 million, under a newly announced sale by Cushman & Wakefield.