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
Monmouth County retail property sells for $3.9 million, Marcus says

A private buyer has paid nearly $4 million for a 12,000-square-foot retail property in Monmouth County, in a newly completed transaction by Marcus & Millichap.

Retail
Childcare center doubles footprint at Hoboken’s Shipyard complex, JLL says

A childcare center is expanding in uptown Hoboken with the completion of a nearly 7,100-square-foot lease with Ironstate Development, brokers with JLL announced.

Retail
Onyx: Hazlet retail center slated for upgrades amid leases from Aldi, Burlington

Onyx Equities has secured approvals to modernize a 200,000-square-foot shopping center in Hazlet, as it touts the completion of 100,000 square feet of leasing activity at the site.

Retail
Walmart-anchored center in Hamilton fetches $19 million, Marcus says

A developer has reaped more than $19 million from the sale of a Walmart-anchored retail center in Hamilton Township, in a newly announced transaction by Marcus & Millichap.

Retail
Familiar territory

As you’ll read in this month’s cover story, a project aims to revive what should be prime real estate in East Brunswick, one that hugs a highway with daily traffic of 100,000 vehicles.

Retail
West New York retail, office building trades for $6.5 million

A private investor has paid $6.5 million for a mixed-use, 21,000-square-foot building in West New York, in newly completed transaction by Marcus & Millichap Capital Corp.

Retail
Sherwin Williams takes space at Passaic redevelopment project

Sherwin Williams has expanded its footprint in northern New Jersey with the completion of a new lease in Passaic, brokers with The Goldstein Group announced this week.

Government & Public Policy
Lennar to develop mixed-use town center at Fort Monmouth ‘gateway’ parcel, state says

State officials are detailing new plans for a town center development at the historic Fort Monmouth property, having agreed to sell a prominent 73-acre parcel to a Lennar Corp. affiliate.

Retail
NAI Hanson closes sale of Wells Fargo lot in Hackensack

Wells Fargo has sold a quarter-acre lot near Hackensack’s rapidly growing downtown, in a newly completed transaction by NAI James E. Hanson.

Retail
Atlantic County retail center fetches $60 million

A real estate investment firm has landed in Atlantic County for its largest purchase of the year to date, acquiring a nearly 400,000-square-foot retail power center for $60 million.