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
Urban Edge to sell Bergen Town Center parcel slated for 456 apartments for $25 million

Urban Edge Properties is selling a piece of Bergen Town Center — its sprawling retail property in Paramus and Maywood — one that’s slated for redevelopment as more than 450 apartments.

Retail
TFE acquires 7,000 sq. ft. former bank building in East Windsor

TFE Properties has expanded its holdings in its hometown of East Windsor, acquiring a 7,000-square-foot former bank building on a key corridor in the township.

Retail
Goldstein Group, Equity Retail broker trade of Wells Fargo branch in Gloucester County

The site of a Wells Fargo bank branch in Gloucester County has changed hands for an undisclosed price, brokers with The Goldstein Group announced Monday.

Finance & Capital Markets
BankUnited inks $50 million in loans for KPR shopping center deals in Voorhees, Monroe

BankUnited Inc. has closed on two loans totaling nearly $50 million to allow KPR Centers to acquire a New Jersey shopping center and refinance a second in the borrower’s portfolio.

Retail
Yada Properties inks new leases in Whitehouse Station with hair salon, café

Yada Properties is welcoming two new retail tenants to a mixed-use property in Readington after a set of leases totaling nearly 6,600 square feet.

Retail
LMC welcomes DXL Big + Tall to Somerville Circle Shopping Center in Raritan

DXL Big + Tall has opened its doors at the busy Somerville Circle Shopping Center in Raritan Borough, where it occupies more than 6,100 square feet under a lease arranged last fall.

Retail
Yada Properties inks new leases in Whitehouse Station with hair salon, cafe

Yada Properties is welcoming two new tenants at a Readington retail center after a set of leases totaling nearly 6,600 square feet.

Deals
Downtown Morristown development site trades for $4.9 million, Marcus says

A local private investor has acquired a development site in downtown Morristown for $4.9 million, brokers with Marcus & Millichap announced Monday.

Retail
South Jersey, Berks County retail properties trade for $14.7 million in recent deals by CBRE

An institutional investor has acquired three triple-net-leased retail properties in suburban Philadelphia, including two in Voorhees, in a series of deals arranged by CBRE.

Retail
LMC: Tenant wanted for 2,500 sq. ft. former bank building in Hamilton

The owner of a vacant bank building in Hamilton has tapped Levin Management Corp. to market the property for lease, the real estate services firm announced Thursday.