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
NorthMarq sources $900,000 loan for East Rutherford post office building

The owner of a nearly 4,000-square-foot retail property in East Rutherford has closed on $900,000 in financing, in a newly completed transaction by NorthMarq.

Government & Public Policy
Developer, local officials offer vision for $500 million project in East Brunswick

A developer on Tuesday joined local officials in East Brunswick to present their vision for a $500 million redevelopment plan in the township, seeking to transform more than 40 acres of aging and underutilized retail property along the busy Route 18 corridor.

Retail
Education, automotive tenants take 16,000 sq. ft. at Monmouth retail project

A soon-to-be redeveloped retail property in Middletown has lured two new tenants, under a set of newly announced transactions by The Goldstein Group.

Retail
NKF: Pizza operator coming to new-look Journal Square office building

A pizza concept is joining the retail mix at an office building in Jersey City, whose owner has committed more than $10 million to reposition and upgrade the nine-story property.

Residential & Mixed Use
Russo details 86,000 sq. ft. amenity package at sprawling Union rental project (SLIDESHOW)

Russo Development has taken the wraps off more than 80,000 square feet of amenity space at its new 415-unit luxury residential project in Union.

Retail
Ex-Dressbarn site in Paramus fetches $2.2 million, CBRE says

The site of a former Dressbarn store in Paramus has changed hands for more than $2 million, following a transaction arranged by brokers with CBRE.

Retail
LMC: Food, beauty tenants lease 5,600 sq. ft. at Delran shopping center

Two food and beverage tenants and a beauty operator have leased a combined 5,600 square feet in Delran, joining the roster at a 215,000-square-foot shopping center off Route 130.

People
Denholtz names new COO, promotes finance executive in key leadership moves

Denholtz Properties has hired a veteran broker and development executive as its new chief operating officer, in one of two new changes to its leadership team.

Retail
Sherwin Williams inks 4,700 sq. ft. retail lease in Gloucester Co.

Sherwin Williams has expanded into a Gloucester County shopping center, where it is leasing nearly 5,000 square feet as part of a deal by Vantage Real Estate Services.

Retail
JLL: Mount Laurel retail center with gym, grocery store trades for $18 million

An investment firm has acquired a nearly 130,000-square-foot shopping center in Mount Laurel, under a newly announced transaction by brokers with JLL.