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
Paramount launches program to guide, incentivize franchise leases

Paramount Assets has launched a new program aimed at spurring the growth of franchise businesses within its commercial portfolio.

Retail
Hampshire sells Paramus retail center for $8.4 million, CBRE says

A real estate investment trust has acquired a grocery-anchored, 42,000-square-foot retail property in Paramus, in an $8.4 million transaction arranged by CBRE.

Retail
Liquor store chain buys Bergen County location, Goldstein Group says

A wine and spirits chain is eyeing further expansion in New Jersey after acquiring a liquor store along Route 17 in Bergen County, brokers with The Goldstein Group said Monday.

Residential & Mixed Use
Developers eye summer groundbreaking for redevelopment of ex-Record site in Hackensack

A joint venture’s plan to redevelop the former home of The Record in Hackensack is moving forward, under a plan that calls for 650 apartments and retail space along the Hackensack River.

Retail
C&W lands new retail management assignments in South Brunswick, Paramus

The new owners of shopping centers in South Brunswick and Paramus have tapped Cushman & Wakefield as their property managers at the complexes, the real estate services firm said.

Retail
Restaurant, beauty tenants combine for 15,500 sq. ft. in Bergen County, C&W says

Six retail tenants have combined to lease more than 15,000 square feet in Bergen County, in a series of transactions arranged by Cushman & Wakefield.

Retail
Modell’s takes 15,000 sq. ft. at Route 9 shopping center

A landlord has inked a new 15,000-square-foot lease with Modell’s Sporting Goods in Marlboro, company executives announced Wednesday.

Professional Services
Longtime restaurateur joins NAI Mertz sales team

NAI Mertz has made another addition to its fast-growing brokerage team, hiring a sales associate with a focus on expanding its retail platform.

Retail
Lee & Associates inks leases with wireless carrier, bridesmaid shop

A wireless carrier and a seller of bridesmaid gifts have leased a combined 4,150 square feet in Bergen and Union counties, in a set of transactions announced by Lee & Associates.

Retail
Brunelli: Asian grocer leasing 43,000 sq. ft. in Plainsboro

An East Asian grocery chain will be the newest anchor at a Plainsboro retail center, where it has inked a lease for more than 43,000 square feet.