Commercial real estate investors across five New Jersey counties took a cautious approach during the coronavirus outbreak, as transaction volume fell through the first half of the year.
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.
Furniture store opens in Paramus after backfilling Route 17 space, Goldstein Group says
A furniture business has opened its doors in Paramus, following its acquisition last year of a nearly 18,000-square-foot building on Route 17.
Optical chain opens 3,000 sq. ft. store at Raritan retail center, LMC says
A Somerset County shopping center has reached full occupancy with the debut of a 3,000-square-foot store by a national optical retailer.
Marcus inks $1.43 million sale of Mount Olive bank property
An investor has acquired a 3,250-square foot retail property in Mount Olive, in a newly completed transaction by Marcus & Millichap.
Goldstein Group touts 42,000 sq. ft. in northern, central New Jersey retail leases
Eight tenants have combined to lease more than 42,000 square feet of retail space in northern and central New Jersey, in a series of newly announced deals by The Goldstein Group.
LMC: Popeyes adds location at Woodbridge shopping center
The owner of a Woodbridge shopping center has added a national operator to its restaurant mix, inking a 2,500-square-foot lease with Popeyes Louisiana Kitchen.
SJP, Scotto eye groundbreaking after sealing approvals for Morristown office project
A development that will transform a stretch of downtown Morristown — bringing 340,000 square feet of high-end office space and new public plazas — is set to break ground in the coming months after securing final approvals from the municipality.
New Jersey investor adds net-leased retail site in Virginia, Marcus says
A buyer has paid more than $3.2 million for a net-leased CVS property in Virginia, under a transaction arranged by Marcus & Millichap’s New Jersey office.
Vantage RES: Salon owner inks lease in Gloucester County downtown
A salon operator is set to open in Gloucester County after agreeing to lease space in a downtown district near Interstate 295, brokers with Vantage Real Estate Services said Friday.
Monmouth retail center that will house new ShopRite sells for $32 million
A buyer has paid $32 million to acquire a fully leased, soon-to-be-repositioned retail center in Monmouth County that will be home to a new ShopRite location.
