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
WCRE: Fitness concept leases 2,000 sq. ft. in Voorhees, its first East Coast location

A fitness studio based in Arizona has picked southern New Jersey for its first East Coast location, under a deal arranged by Wolf Commercial Real Estate.

Industrial
Denholtz: Clark commercial complex fully leased after latest deal

Denholtz Associates has inked a 10,050-square-foot lease at a commercial complex in Clark, bringing the 283,000-square-foot campus to full occupancy.

Residential & Mixed Use
NAI Hanson brokers sale of Paterson condo building, development site

A real estate investment firm has acquired a 48-unit condominium building in downtown Paterson, along with a nearby development site that is approved for 195 rental units.

Residential & Mixed Use
Reinvention of historic Edison complex nearly complete, as first residents move in

The long-awaited project known as Edison Village is nearing completion and already welcoming residents to its first phase: a new three-story, 34-unit building known as Edison Mews. In the coming months, Prism expects to deliver another 300 apartments when it completes its renovation and reconstruction of the 100-year-old factory complex on Main Street.

Office
Higher and better: Developers making strides in repurposing New Jersey’s vacant, outdated office buildings

Slowly but surely, developers have begun to chip away at one of New Jersey’s most chronic issues when it comes to commercial real estate — the abundance of obsolete, aging office buildings that are no longer considered usable by modern standards.

Retail
Developer completes fourth adaptive reuse project in Paterson

Paramount Assets has completed its adaptive reuse of a historic property in Paterson, debuting renovated street-level retail and new apartments at what had been warehouse space.

Retail
JLL: Mini-burger chain among three retail leases in downtown New Brunswick

A mini-burger chain has committed to its first New Jersey location in New Brunswick, in one of three retail leases in the city announced by JLL.

Retail
LMC: Body sculpting business opens 1,550 sq. ft. Paramus store

A new medical tenant has opened its doors in Paramus, taking the last available space at a 261,300-square-foot shopping center on Route 4.

Industrial
I.CON panel: Same-day delivery pushing tenants beyond North Jersey, into NYC boroughs

Retailers and other industrial tenants have long counted on northern New Jersey as a hub for distribution into New York City, but the need for same-day and even two-hour delivery has pushed developers to make big bets in the outer boroughs.

Finance & Capital Markets
HFF brokers $19 million refi for Somerset County retail center

Advance Realty has refinanced a grocery-anchored, 104,331-square-foot retail center in Bound Brook with a $19 million loan arranged by HFF.