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
Somerset closes on 31-acre transit village site in Somerville

Somerset Development has completed its long-awaited acquisition of 31 acres in downtown Somerville, paving the way for a project that includes more than 500 residential units and other uses adjacent to the borough’s train station.

Retail
Japanese fast casual chain coming to Newark rental building, Paramount says

Paramount Assets has attracted another retailer to its new boutique apartment building in Newark, inking a 1,500-square-foot lease with a Japanese fast casual concept.

Professional Services
REDCOM launches auto dealership renovation in Englewood Cliffs

REDCOM Design & Construction has kicked off the renovation of a Toyota dealership in Englewood Cliffs, with completion slated for later this year.

Residential & Mixed Use
Rock climbing gym coming to rehabbed New Jersey Bell tower in Newark

Newark’s first rock climbing gym is set to open early next year, bringing a new amenity to the city and to a historic tower that is now home to more than 260 apartments.

Retail
C&W: Canadian wellness concept enters New Jersey, takes 6,200 sq. ft. in Paramus

A wellness concept for parents and children will make its debut in New Jersey later this year after inking a 6,200-square-foot lease at a Paramus retail property.

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.