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.

Professional Services
Locally grown: Lee & Associates, marking 10 years in New Jersey, is primed for additional expansion

Lee & Associates is marking 10 years since the launch of its New Jersey office, having grown from just four brokers and three employees to a team of 55, thanks in large part to the firm’s distinctive broker-owned model and a growing number of service lines.

Deals
NAI Hanson inks sale of Fairfield redevelopment site

The new owner of a two-acre redevelopment site in Fairfield is slated to build a medical facility on the parcel, following a sale arranged by NAI James E. Hanson.

Retail
Newmark Associates adds longtime broker to lead new retail division

A veteran broker has joined Newmark Associates to lead the firm’s newly formed retail practice.

Retail
Longtime furniture store site changes hands in Paramus

The longtime home of a furniture store in Paramus has changed hands to a new operator, following a sale arranged by The Goldstein Group.

Retail
LMC announces promotion for leasing rep

A leasing professional at Levin Management Corp. has earned a promotion after three years with the real estate services firm.

Retail
Industry leader Reinhart joins Brunelli to lead mixed-use development practice

R.J. Brunelli & Co. has hired Peter S. Reinhart, the head of Monmouth University’s real estate program and a former longtime executive with Hovnanian Enterprises, to lead a new division within the retail brokerage focused on mixed-use developments.

Roundtable
How has e-commerce impacted building design in either retail or industrial space?

How has e-commerce impacted building design in either retail or industrial space? We assembled a panel of industry experts to tackle this month’s question.

Retail
Paramount launches program to guide, incentivize franchise leases

Paramount Assets has launched a new program aimed at spurring the growth of franchise businesses within its commercial portfolio.

Retail
Hampshire sells Paramus retail center for $8.4 million, CBRE says

A real estate investment trust has acquired a grocery-anchored, 42,000-square-foot retail property in Paramus, in an $8.4 million transaction arranged by CBRE.

Retail
Liquor store chain buys Bergen County location, Goldstein Group says

A wine and spirits chain is eyeing further expansion in New Jersey after acquiring a liquor store along Route 17 in Bergen County, brokers with The Goldstein Group said Monday.