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.

Finance & Capital Markets
Progress sources $85 million loan for Bronx historic rehab project

The owners of a refurbished historic warehouse building in the Bronx have refinanced the property for $85 million, under a newly announced transaction by Progress Capital.

Retail
Bed Bath & Beyond completes $250 million sale-leaseback that includes stores, industrial space

Bed Bath & Beyond Inc. has completed a $250 million sale-leaseback agreement spanning more than 2 million square feet of commercial space, in a step aimed at stabilizing the finances of the Union-based retailer.

Retail
Wayne retail project coming to life, with locally based March Associates at the helm

A planned retail center in Wayne has joined the growing list of redevelopment projects in the municipality, thanks in large part to a locally based construction firm led by township residents.

Professional Services
Lee & Associates expands, adds Morris County-based broker

Lee & Associates has added a veteran broker to its New Jersey team, with an eye toward gaining a greater foothold in Morris and Essex counties.

Retail
Portuguese-inspired barbecue concept opens Ewing location, LMC says

A new barbecue restaurant has opened its doors at a Mercer County shopping center, where it has leased 2,700 square feet under a deal brokered by Levin Management Corp.

Retail
C&W inks 6,300 sq. ft. restaurant lease in Nutley

A northern New Jersey restaurant is relocating to Nutley as part of a recently announced, 6,300-square-foot lease completed by Cushman & Wakefield.

Retail
Investor sells 14,500 sq. ft. retail property in Vineland, WCRE says

A nearly 15,000-square-foot retail property in Vineland has changed hands, following a transaction arranged by brokers with Wolf Commercial Real Estate.

Retail
R.J. Brunelli touts leases in Ocean, Passaic counties among latest deals

Dollar Tree has leased nearly 10,500 square feet in Ocean County at what will be one of its newest locations in New Jersey, brokers with R.J. Brunelli & Co. LLC announced.

Retail
New eateries coming to South Jersey mixed-use development by Atkins, Woodmont

A café and an Italian restaurant have committed to new locations in Gloucester County, the latest additions to a sprawling mixed-use development by Atkins Cos. and Woodmont Properties.

Cover Story
Russo Development is bullish on Kearny — and the ability to tap an underserved market

Russo Development has delivered more than 500 apartments in Kearny since mid-2018, with hundreds more in its pipeline, seeing an opportunity in a town that is minutes from downtown Newark and the ability to capture renters who are priced out of neighboring submarkets.