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
Net-leased dollar store building in Atlantic County sold for $2.1 million

A developer has sold an 8,060-square-foot retail building in Pleasantville that is net-leased to a national dollar store chain, according to brokers with Marcus & Millichap.

Retail
Sports bar coming to TCNJ’s Campus Town, PRC Group says

A sports bar and restaurant chain is expanding from South Jersey and Philadelphia to become the newest addition at Campus Town, the privately built student housing and retail development at The College of New Jersey.

Retail
New tenants coming to Halsey Street in Newark, Pierson Commercial says

A fitness operator and a burger chain that is expanding into New Jersey will be among the newest tenants in downtown Newark, following leases brokered by Pierson Commercial.

Retail
Advance, DeBartolo set to begin Ledgewood Mall redevelopment

Developers have secured the local approvals needed to begin “de-malling” a mall in western Morris County, paving the way for them to reposition it as a new open-air shopping center.

Retail
Wawa building sold in Cape May County, Goldstein Group says

A grocery operator has acquired a former Wawa building in Cape May County and now plans to operate the property as a food market, according to brokers with The Goldstein Group.

Professional Services
The Goldstein Group forms unit focused on mixed-use, urban retail

The Goldstein Group has launched a new division to offer retail leasing and advisory services to urban mixed-use property owners, developers and managers in the region.

Retail
Pet products store leases 4,400 sq. ft. in Warren County, LMC says

A pet products retailer is among the newest tenants at a 61,000-square-foot shopping center in Warren County, according to Levin Management Corp.

Finance & Capital Markets
Investors Bank: Recent CRE loans total more than $280 million

Investors Bank has continued its push to lend across different sectors of commercial real estate, originating more than $280 million in financing for 10 major transactions in recent weeks.

Office
Saxum acquires two commercial buildings in downtown Summit

Development and investment firm Saxum Real Estate has acquired two adjoining properties in downtown Summit, including one that it plans to renovate and market for lease.

Residential & Mixed Use
Lotus names four architecture firms for Newark stadium redevelopment

The firm seeking to redevelop the Newark Bears baseball stadium has lined up a team of architects for the ambitious project, which could create up to 2,000 residential units, 400,000 square feet of office space and a mix of retail, cultural and public spaces.