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.

Retail
NIA National Realty inks 2,500 sq. ft. bagel shop lease in Park Ridge

A bagel shop has opened a new 2,500-square-foot store in Park Ridge, following a lease arranged by NIA National Realty.

Retail
LMC celebrates fruit bowl chain’s debut in Flemington

Healthy bowl and smoothie chain Frutta Bowls has opened the doors to its new 2,375-square-foot location in Flemington, Levin Management Corp. announced.

Retail
Walmart ground lease in Teterboro sells for $37 million

A developer has reaped more than $37 million from the sale of a Walmart ground lease within a sprawling retail and light industrial complex in Teterboro, its broker announced Tuesday.

Residential & Mixed Use
CBRE brokers sale of two mixed-use properties in Manville

Two mixed-use residential properties in Manville have changed hands for a combined $880,000, in a transaction arranged by brokers with CBRE.

Retail
CBRE: ‘Poké’ concept coming to New Jersey, inks lease at Garden State Plaza

A fast casual chain offering what are known as poké bowls and burritos — a Hawaiian-inspired concept focused on fresh fish — is making its debut in New Jersey with a new location at the Westfield Garden State Plaza in Paramus.

Professional Services
Pierson announces promotion for retail broker

Pierson Commercial has promoted one of its brokers to the position of director.

Finance & Capital Markets
NKF inks sales of Bayonne retail center, Marlton office building

Investors have paid a combined $11 million for a Bayonne shopping center and a Marlton office building, in separate deals announced Friday by Newmark Knight Frank.

Government & Public Policy
Murphy unveils Hoboken flood wall location, but fate of rail yards project still unclear

Gov. Phil Murphy has announced a long-awaited plan for a flood barrier at the southern end of Hoboken, although its location could threaten or dramatically alter a proposal to redevelop the rail yards alongside the city’s busy train terminal.

Retail
HFF: ShopRite center, medical office building trade for $16.2 million

A developer has reaped more than $16 million from the sale of a grocery-anchored retail complex and a medical office building in Warren County, brokers with HFF said.

Government & Public Policy
Liquor license reform bill advances in Assembly

A bill that would create new specialized, lower-cost liquor licenses and likely provide a boost to New Jersey’s commercial real estate sector has cleared another hurdle in the Legislature.