An investor has acquired a 1,800-square-foot Dunkin’ Donuts property in North Plainfield, in a $1.6 million sale arranged by Marcus & Millichap.
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.
Marcus: Newly built, mixed-use building in Paterson trades for $6.7 million
A developer has sold a newly built apartment and retail property in Paterson, in a $6.7 million transaction arranged by Marcus & Millichap.
New gas, convenience store location is latest project for Wyckoff developer
A developer has added to its growing portfolio of gas and convenience store projects with the completion of a new QuickChek location in Somerset County.
Joint venture acquires Springfield Avenue shopping center in Newark
An affiliate of Goldman Sachs and Madison Marquette have acquired one of Newark’s newest retail properties — a fully occupied, grocery-anchored shopping center on Springfield Avenue.
LMC adds senior VP of leasing
Levin Management Corp. has added to its executive management team with the hiring of a new vice president of leasing.
NAI Hanson: Deli building, two-family home sell in Passaic Co.
An investor has acquired a 2,200-square-foot commercial building and an adjacent two-family home in Bloomingdale, in a transaction arranged by NAI James E. Hanson.
WCRE adds political, community relations veteran
Wolf Commercial Real Estate has hired a new director of community relations, with the goal of expanding its reach with local officials and businesses throughout the state.
RIPCO adds former Hartz executive in New Jersey
A longtime executive with Hartz Mountain Industries has joined RIPCO Real Estate as part of its New Jersey brokerage team.
LMC: Massage, spa chain takes 3,000 sq. ft. in Bridgewater
A national massage chain is among the newest tenants at a Bridgewater shopping center, leasing nearly 3,000 square feet at the 219,000-square-foot property.
Ground lease, demolition of vacant retail building clear way for new ShopRite in Wayne
A developer is moving ahead with plans to raze and redevelop an aging retail property in Wayne, paving the way for a new 79,540-square-foot ShopRite that will open next fall.
