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.

KABR-led group adds 730,00 sq. ft. Long Island retail center, in JLL-brokered deal

A private investor has sold a nearly 730,000-square-foot shopping center in New York’s Nassau County, in a deal arranged by JLL’s Morristown-based capital markets team.

Downtown demand: Developer aims to bring highly coveted, high-end office space to Montclair business district

BDP Holdings has unveiled plans to bring new high-end office space to Montclair as part of a 130,000-square-foot ground-up project, seeking to capture the growing demand for space in downtowns that are easily accessed by the state’s skilled suburban labor pool.

Tokarski Millemann spearheads redesign, expansion of Lakewood Mazda dealership

An auto dealer has unveiled an expanded and updated sales and showroom facility in Lakewood as part of a project designed by Tokarski Millemann Architects.

Mexican eatery takes 900 sq. ft. at Pine Brook Plaza in Montville, Azarian says

A new Mexican restaurant has come to Montville after leasing space at a Route 46 shopping center, in a newly announced transaction by Azarian Realty Co.

ULI Northern New Jersey unveils honorees for April awards gala

The Urban Land Institute’s Northern New Jersey chapter has announced the winners of its 2024 Excellence Awards, highlighting a host of projects and professionals involved in land use and development in the state.

NAIDB: Morris, Middlesex counties shine in subdued capital markets environment

In a somewhat muted environment for commercial real estate investment, Morris and Middlesex counties were two bright spots in New Jersey in the second half of 2023.

Urban Edge leases 27,000 sq. ft. to Lidl for new store at Totowa power center

A new Lidl store is coming to Passaic County after leasing more than 27,000 square feet at Urban Edge Properties’ Totowa Commons complex on Route 46.

Larken Associates touts 943,000 sq. ft. in new commercial leases, renewals in 2023

Larken Associates has started 2024 with near full occupancy after a year in which it completed more than 420 commercial real estate transactions comprising nearly 943,000 square feet.

Bennett Realty & Development hires Lenaz as retail leasing specialist

Longtime retail broker Bill Lenaz has joined Bennett Realty & Development, marking the latest addition to the Holmdel-based firm’s fast-growing team.

LMC inks 1,300 sq. ft. deal to bring martial arts studio to Long Island shopping center

A martial arts studio has leased more than 1,300 square feet at a shopping center in New York’s Suffolk County, in a deal arranged by Levin Management Corp.