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.

Office
L+M sees new office space as key complement to apartments, retailers at historic Newark tower

With renters flocking to Walker House’s 264 apartments and commitments from a host of retailers, L+M Development Partners is keenly focused on the third piece of its formula. The New York-based developer, alongside brokers with JLL, has stepped up efforts to market more than 50,000 square feet of available office space at the building, touting the promise of downtown Newark’s resurgence and a workplace that is like few others in New Jersey. 

Finance & Capital Markets
Northern New Jersey among top 10 markets for net-lease investment, CBRE says

Net-lease investment is on the rise in the U.S., with northern New Jersey remaining a key target for buyers of industrial property and other commercial asset classes.

Retail
Hazlet retail site with CVS, liquor store trades for $4.6 million

An investor has acquired a freestanding retail property in Hazlet for nearly $4.6 million, Rose Commercial Real Estate announced Wednesday.

Retail
NKF, Katz ink 37,000 sq. ft. lease for PGA superstore in East Hanover

A new PGA Tour Superstore is coming to Morris County as part of a nearly 40,000-square-foot lease announced by Newmark Knight Frank and Katz & Associates.

Retail
Specialty grocer taking 12,000 sq. ft. on Route 10 in Parsippany, NAI Hanson says

An Indian grocery store operator has leased 12,000 square feet at a Parsippany retail building, brokers with NAI James E. Hanson announced Tuesday.

Finance & Capital Markets
JLL inks $32 million refi for Hampshire-owned shopping center in Lyndhurst

The Hampshire Cos. has secured a $32 million loan to refinance a fully leased, grocery-anchored retail center in Lyndhurst, under a newly completed transaction by JLL.

Residential & Mixed Use
Plainfield: Paramount breaks ground on 70-unit project near train station

Paramount Assets has launched construction for a project that will bring dozens of new luxury apartments and retail space to an area near one of Plainfield’s train stations.

Retail
National developer unveils 186,000 sq. ft. Walmart in Linden

A developer has opened the doors to a new Walmart Supercenter in Linden, the first piece of a planned 350,000-square-foot shopping center along Route 1 and 9.

Professional Services
Weichert Commercial names new senior vice president on brokerage team

Weichert Commercial Brokerage Inc. has bolstered its team with the addition of a veteran broker, one who specializes in gas stations and convenience store properties.

Retail
Dental practice takes 2,300 sq. ft. in Glen Rock, NAI Hanson says

A pediatric dental practice is leasing 2,300 square feet of retail space at a mixed-use building in Glen Rock, brokers with NAI James E. Hanson announced Wednesday.