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.

Residential & Mixed Use
Paterson apartment, commercial building trades for $8 million

A private investor has acquired 38 apartments and commercial space in Paterson for nearly $8 million, according to brokers with Marcus & Millichap who arranged the deal.

Retail
Florist opening new location at Atlantic County center, Vantage RES says

A florist and gift shop has signed a new lease at an Atlantic County shopping center, in a transaction arranged by Vantage Real Estate Services.

Retail
Longtime owner sells Burlington retail center for $1.8 million

A retail center just outside Joint Base McGuire-Dix-Lakehurst in Burlington County has changed hands for $1.8 million, according to Feinberg & McBurney Realty/Development LLC.

Retail
Hair salon takes 950 sq. ft., relocates to New Milford

A hair salon has relocated within Bergen County after leasing nearly 1,000 square feet at a New Milford retail property.

Retail
Larken inks lease with pharmacy, bringing Hillsborough complex to full occupancy

Larken Associates has completed a nearly 2,000-square-foot lease at a Hillsborough strip center, bringing the office and retail property to full occupancy.

Deals
NAI Hanson inks sale of mixed-use building in Netcong

An investor has acquired a 2,100-square-foot mixed-use building in Morris County, under a newly completed transaction by NAI James E. Hanson.

Retail
Aspen, Devli add 220,000 sq. ft. retail center in Freehold

A joint venture has acquired a four-building, 220,000-square-foot retail property in Freehold, under a newly announced transaction by Colliers International.

Retail
NIA National touts 724 sq. ft. lease for Bergen County ice cream shop

A custom ice cream sandwich shop has opened its doors in Westwood after agreeing last year to a 724-square-foot lease in the borough.

Finance & Capital Markets
G.S. Wilcox secures $6 million for developer of Springfield Wawa

A developer has landed $6 million in financing for a newly opened Wawa gas station and convenience store in Springfield, G.S. Wilcox & Co. announced Wednesday.

Retail
CVS opens at Russo’s sprawling mixed-use project in Union

CVS Pharmacy has opened its doors at Russo Development’s new mixed-use property in Union, joining several other retailers serving hundreds of new apartments and Kean University.