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
Wilcox touts $2.5 million loan for historic Morristown property

G.S. Wilcox & Co. has brokered $2.5 million in financing for a nearly 24,000-square-foot, mixed-use building in downtown Morristown.

Retail
Tulfra acquires Cranford site, plans redevelopment

Tulfra Real Estate has acquired a defunct industrial property in Cranford that it now plans to redevelop as a QuickChek store.

Professional Services
Goldstein Group broker named executive VP

The Goldstein Group has promoted one of its longtime brokers to executive vice president.

Professional Services
With decades of history, a close-knit team has guided Blau & Berg’s continued growth

The Blau & Berg Co. has more than doubled the size of its sales team over the past five years alongside a major increase in revenue — growth that has been guided largely by its family roots and a feeling of shared responsibility.

Retail
Lidl acquires shuttered Acme site in Bergen County, Ripco says

International supermarket chain Lidl has purchased a former Acme store in Bergenfield, providing the operator with an expansion opportunity in northern New Jersey.

Residential & Mixed Use
Extell launches leasing at new 151-unit Barnegat project

A developer has unveiled 151 age-restricted apartments at a mixed-use project in Barnegat, where it has also begun to welcome new retailers.

Retail
Panel: Bergen County remains a retail hotbed — and a proving ground for a changing industry

Even in Bergen County — the home of the highest-grossing retail ZIP code in the U.S. — owners and operators are in a race to evolve and face no shortage of challenges.

Professional Services
Garibaldi plans rebrand, expanded focus as it marks its centennial

As The Garibaldi Group prepares for its 100-year anniversary, the firm is making a push to recast itself and expand the services it provides to the commercial real estate industry — including a major rebrand that it will unveil this fall, new strategic hires and a continued push into the tech sector, one that was largely sparked by its experience at Bell Works.

Retail
AutoZone ground lease in Irvington sells for $3.9 million, Marcus says

A developer has sold the ground lease for an 8,000-square-foot net-leased retail property in Irvington, in a nearly $4 million deal arranged by Marcus & Millichap.

Retail
Colliers: Investor buys 125,000 sq. ft. Robbinsville retail center

An out-of-state investor has acquired a 125,295-square-foot shopping center in Robbinsville, following a three-month marketing effort by Colliers International and Ten-X.