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
LMC: Popeyes adds location at Woodbridge shopping center

The owner of a Woodbridge shopping center has added a national operator to its restaurant mix, inking a 2,500-square-foot lease with Popeyes Louisiana Kitchen.

Office
SJP, Scotto eye groundbreaking after sealing approvals for Morristown office project

A development that will transform a stretch of downtown Morristown — bringing 340,000 square feet of high-end office space and new public plazas — is set to break ground in the coming months after securing final approvals from the municipality.

Retail
New Jersey investor adds net-leased retail site in Virginia, Marcus says

A buyer has paid more than $3.2 million for a net-leased CVS property in Virginia, under a transaction arranged by Marcus & Millichap’s New Jersey office.

Retail
Vantage RES: Salon owner inks lease in Gloucester County downtown

A salon operator is set to open in Gloucester County after agreeing to lease space in a downtown district near Interstate 295, brokers with Vantage Real Estate Services said Friday.

Retail
Monmouth retail center that will house new ShopRite sells for $32 million

A buyer has paid $32 million to acquire a fully leased, soon-to-be-repositioned retail center in Monmouth County that will be home to a new ShopRite location.

Professional Services
NAI DiLeo-Bram adds retail expert to growing brokerage team

NAI DiLeo-Bram & Co. has made another addition to its brokerage team, seeking to expand its foothold in the changing retail sector.

Retail
Growing smoothie, acai bowl chain adds 2,500 sq. ft. location in Holmdel

A national smoothie and acai bowl franchise has opened a new 2,500-square-foot location at a Holmdel shopping center, under a newly announced lease by Kraft Development II.

Finance & Capital Markets
JLL taps Klein as co-head of New Jersey capital markets group

JLL has named a new co-head of its New Jersey capital markets team, tapping a veteran broker to oversee the firm’s debt and equity placement business in the region.

Government & Public Policy
State seeking new bids, proposals for 80-acre ‘gateway’ parcel at Fort Monmouth

One of the top parcels at the former Fort Monmouth site is back on the market, as state officials seek a new plan for bringing residential and commercial uses to the 80-acre development site.

Office
Atkins, Woodmont pivot to medical office in final stretch of town center project

A joint venture is building new medical office space at what was slated to be a standalone retail building in Gloucester County, citing tremendous demand from area health care users.