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
Developers announce LA Fitness, Lidl among new retailers at Bayonne project

A joint venture has added a national fitness operator and a grocery chain to its tenant mix at a development in Bayonne, the largest of five newly announced retail leases at the site.

Retail
Ripco named leasing agent for final phase of Pier Village retail space

Kushner Cos. has tapped Ripco Real Estate to oversee leasing and marketing for 40,000 square feet of retail space at Pier Village in Long Branch, as the well-known oceanfront development enters its third and final phase.

Retail
Italian restaurant takes 2,400 sq. ft. at Hamilton retail center, LMC says

A wood-fired pizza and Italian restaurant is coming to a Hamilton shopping center, under a newly announced transaction by Levin Management Corp.

Retail
Progress Realty acquires 219,000 sq. ft. North Carolina retail center

An affiliate of Tinton Falls-based Progress Capital has added to its out-of-state portfolio, acquiring a 219,000-square-foot shopping center in North Carolina.

Residential & Mixed Use
NAI Hanson: South Orange development lot changes hands, slated for mixed-use project

A developer has acquired the former site of a bank branch in South Orange, brokers with NAI James E. Hanson said, citing plans for a new building with retail and residential space.

Office
SJP, Scotto ink 110,000 sq. ft. lease with Deloitte for mixed-use redevelopment in Morristown

Deloitte LLP has agreed to lease 110,000 square feet in downtown Morristown, where it’s slated to anchor a high-profile redevelopment proposed by SJP Properties and Scotto Properties.

Retail
JLL: Monroe grocery-anchored retail center sells for $32 million

A joint venture has acquired a Middlesex County shopping center for more than $32 million, in a newly completed transaction by brokers with JLL.

Retail
Moorestown retail center trades for $5.4 million, Rose Commercial says

An investor has acquired a nearly 25,000-square-foot shopping center in Moorestown, under a $5.4 million transaction arranged by Rose Commercial Real Estate.

Finance & Capital Markets
Progress sources $85 million loan for Bronx historic rehab project

The owners of a refurbished historic warehouse building in the Bronx have refinanced the property for $85 million, under a newly announced transaction by Progress Capital.

Retail
Bed Bath & Beyond completes $250 million sale-leaseback that includes stores, industrial space

Bed Bath & Beyond Inc. has completed a $250 million sale-leaseback agreement spanning more than 2 million square feet of commercial space, in a step aimed at stabilizing the finances of the Union-based retailer.