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
CBRE: Pop-ups, m-commerce and discounters among growing trends this holiday season

Pop-up stores are in fact set to make a return this holiday season, but they’ll be joined by a growing number of pop-up warehouses. Those are among the findings in a new report by CBRE that’s meant to forecast this year’s holiday trends in commercial real estate. The report also points to an expansion of mobile commerce and strength in discount retailing, as consumers continue to seek omnichannel access, value, variety and experiences.

Residential & Mixed Use
Mixed-use Maplewood property sold to investor, Zoltek says

A local investor has acquired a mixed-use retail and residential property in one of Maplewood’s main business districts, according to the brokerage firm Zoltek Realty.

Office
SJP details plans for new 130,000 sq. ft. fitness complex in Bridgewater

SJP Properties and Life Time, the national fitness operator, have unveiled plans for what they say will be a first-of-its-kind health and entertainment complex at a Bridgewater office campus.

Retail
New ownership ditches plan for Sayreville ‘fortress mall,’ report says

A joint venture has scrapped a long-awaited plan to build a futuristic, 2.2 million-square-foot “fortress mall” along the Garden State Parkway, replacing it with a proposal for a mixed-use, urban-style retail village that is more in line with changing consumer tastes.

Retail
K&G leases 18,500 sq. ft. at Azarian complex in Passaic County

The Azarian Group LLC has added a men’s fashion retailer to its tenant roster at a 50,000-square-foot shopping center in Woodland Park, the firm announced recently.

Retail
LMC: Restaurant inks second N.J. location in Franklin Twp.

An Afghan and Middle Eastern restaurant business is set to expand into Somerset County, following a commitment to a 266,000-square-foot shopping center in Franklin Township.

Retail
Pilates chain set to continue rapid expansion in N.J., Ripco says

A fast-growing Pilates chain has added roughly 20 locations in New Jersey in the past two years, with plans to add at least another 10 in the state as part a continued nationwide expansion.

Finance & Capital Markets
HFF brokers $17.4 million acquisition loan for Toms River retail center

A joint venture has closed on a Toms River shopping center with the help of $17.4 million in acquisition financing from an area bank, brokerage firm HFF said Monday.

Retail
Woodbridge strip center fetches $1.35 million, Marcus & Millichap says

A private investor has paid $1.35 million for a 5,850-square-foot strip center in Woodbridge.

Retail
Ripco: Farmers market lease brings Saddle Brook retail center to full occupancy

A farmers market will be the latest addition to a 220,000-square-foot shopping center in Bergen County, according to brokers with Ripco Real Estate who arranged the transaction.