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.

Editor’s Note
A remedy for retail

Our July cover story takes a look at the growth of medical retail and all of the nuances that come along with it. For one thing, there seems to have been a perfect storm that paved the way for this movement: Retail was hurting after the Great Recession, while the Affordable Care Act expanded the insured population and changed how health care was delivered. As you might guess, New Jersey was impacted by these forces as much as any other market.

Retail
Planning board OKs plan for Monmouth Mall makeover

Kushner Cos. and Brookfield Properties have cleared a key hurdle in their plan to transform the Monmouth Mall, winning a long-awaited approval from the Eatontown planning board.

Retail
Experts: Supreme Court’s ‘Wayfair’ ruling will have broader impact on taxes than real estate

A recent ruling by the U.S. Supreme Court will likely raise the cost of some online sales and provide an infusion of revenue for New Jersey’s state coffers, but its impact on commercial real estate may be limited.

Finance & Capital Markets
HFF brokers $29 million loan for Research Triangle project

A developer has secured nearly $29 million in financing for a project in North Carolina’s Research Triangle, in a transaction led by brokers from HFF’s New Jersey office.

Retail
Goodwill finds new location in Camden County, Vantage RES says

A regional Goodwill organization is relocating within South Jersey, following a 15,000-square-foot lease brokered by Vantage Real Estate Services.

Retail
7-Eleven commits to additional Newark location

Convenience store chain 7-Eleven has found another location in downtown Newark, where it will occupy a recently renovated building near the Prudential Center.

Deals
Zip line operator closes on land in Morris County, NAI Hanson says

An operator of zip line parks has acquired two vacant parcels spanning 48 acres in Morris County, paving the way for its expansion into the Northeast.

Retail
Brunelli touts seven new Dollar Tree leases in New Jersey

Dollar Tree is set to add eight locations in New Jersey, following a set of leases brokered by R.J. Brunelli & Co. LLC.

Retail
LMC: Comcast leases 4,000 sq. ft. in Woodbridge

Comcast has leased 4,000 square feet and will open a new Xfinity retail store at a Woodbridge shopping center, Levin Management Corp. said Tuesday.

Retail
Old Navy, Ulta among new tenants for NRDC in New Jersey

National Realty & Development Corp. is set to welcome four new tenants to its New Jersey portfolio, following more than 50,000 square feet in recent leases announced by the firm.