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
South Jersey shopping center owner refinances for $22 million, Progress says

The owner of a 176,000-square-foot shopping center in Camden County has refinanced the property for more than $22 million, under a new transaction by Progress Capital.

Retail
C&W: Gym concept inks 15,000 sq. ft. lease in Morris County

A global fitness franchise has inked plans to open a new 15,000-square-foot location in Riverdale, where it is backfilling the anchor space at a Route 23 shopping center.

Residential & Mixed Use
Claremont, turning its focus to development, will merge construction business with Buffalo firm

Claremont Cos., a Far Hills-based developer and general contractor, is handing off its construction business to a new partner in order to focus on its own fast-growing pipeline.

Retail
Triple Five, Coca-Cola ink sweeping partnership for American Dream

An iconic American brand will have a major presence at the massive American Dream complex in East Rutherford, under a new partnership unveiled by the project’s developer.

Retail
Big Lots expanding to 55,000 sq. ft. in Burlington County, Jeffery says

A discount retailer is nearly doubling its footprint at a Burlington County shopping center, in the largest of several newly announced deals by Jeffery Realty.

Retail
WCRE: JP Morgan acquires redevelopment site, plans new branch in Marlton

JP Morgan Chase Bank is planning a new branch in Marlton, brokers said, following the lender’s acquisition of a former convenience store and gas station property on Route 70.

Retail
New-look shopping center in Toms River hits full occupancy

A real estate investment firm has brought a Toms River shopping center to full occupancy, touting the milestone about a year after acquiring the 138,000-square-foot property.

Professional Services
Walsh joins Advance as managing director for development, construction

Advance Realty Investors has hired longtime industry executive Tom Walsh, who will help oversee development and construction for its fast-growing portfolio and for third parties.

Retail
Café concept takes 1,900 sq. ft. at 34-unit Bijou project in Hoboken

A café operator has committed to its third location in Hudson County, leasing nearly 2,000 sq. ft. at Bijou Properties’ new 34-unit luxury rental building in uptown Hoboken.

Retail
Paramount, 7-Eleven debut new location at historic rehab project in Newark

Paramount Assets has inked another lease with 7-Eleven, bringing the convenience store chain to its new mixed-use William Flats project in downtown Newark.