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
Salt therapy chain eyes 1,000 locations, taps CBRE to lead U.S. expansion

A salt therapy provider has retained CBRE as its agent to help it expand to up to 1,000 franchise locations around the country, the real estate services firm announced Wednesday.

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Walsh relaunches construction and project management firm, eyeing new lighting platform

The Walsh Company has enjoyed a fast start since it was relaunched last fall, with new assignments including roles as a general contractor, project manager and client representative. But Ed Walsh has also set his sights on an altogether new business: a lighting platform that he says provides users with greater control, efficiency and transparency than traditional fixtures.

Retail
Vantage RES: Dealership finds new home in Camden County

An auto dealership has acquired a 23,000-square-foot building and a 1.6-acre lot in Pennsauken, in a transaction arranged by Vantage Real Estate Services.

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Mack-Cali pulls three nominees for board election, heeding shareholder input

Mack-Cali Realty Corp. has withdrawn three of its incumbent nominees for the company’s upcoming board election, citing shareholder feedback ahead of its June 10 annual meeting.

Retail
Net-leased bank property in Aberdeen fetches $2.2 million, Marcus says

A private investor has purchased a nearly 3,500-square-foot bank property in Monmouth County, under a newly announced transaction by Marcus & Millichap.

Retail
WCRE: Burlington retail center changes hands, slated for renovations

A developer has acquired a 15,600-square-foot retail property in Burlington, where plans call for a series of renovations and the build-out of a new Dollar General store.

Retail
Grocery-anchored retail center in Boonton sells for $12.5 million

A private buyer has acquired a nearly 52,000-square-foot retail center in Boonton, in a $12.5 million transaction by Cushman & Wakefield.

Retail
Middlesex County retail center fetches $2.2 million, Marcus says

A private investor has reaped more than $2 million from the sale of a 10,100-square-foot retail center in Cranbury, brokers with Marcus & Millichap announced Monday.

Retail
Aldi leases 21,000 sq. ft. in South Brunswick, Goldstein Group says

Aldi is adding to its growing stable of supermarkets in New Jersey, leasing more than 21,000 square feet at a South Brunswick shopping center.

Retail
Commercial driving school taps R.J. Brunnelli, eyes new locations in New Jersey

A commercial driving school has picked R.J. Brunelli & Co. to oversee its expansion in New Jersey, the retail brokerage firm announced Monday.