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
Advance welcomes H Mart to Paramus retail center (SLIDESHOW)

H Mart has opened the doors to a new 25,000-square-foot supermarket on Route 17 in Paramus, its first in the borough and its latest in Bergen County.

Top News
SJP, Aetna announce 2 million sq. ft. redevelopment plan for Newark

SJP Properties and Aetna Realty have unveiled plans for a project in Newark that could deliver up to 2 million square feet of commercial and residential space at the city’s Broad Street station.

Professional Services
Retail broker joins CBRE as vice president in New Jersey

CBRE has added to its roster of retail brokers in New Jersey with one of its latest hires.

Residential & Mixed Use
Boutique rental property in Maplewood is 100 percent leased, JMF says

JMF Properties has completed the lease-up of its 20-unit, wellness-focused residential community in downtown Maplewood.

Retail
Fitness chain opens at repurposed Newark bank building

Paramount Assets has welcomed a fitness chain to a once-vacant bank building in Newark, which it has upgraded in an effort to repurpose the property for new tenants.

Office
Investors acquire Parsippany buildings from Mack-Cali, JLL says

Two former Mack-Cali Realty Corp. buildings in Parsippany are under new ownership, following a set of investment sales announced this week by JLL.

Retail
Franklin shopping center fetches $12.8 million

A local investor has paid nearly $13 million to purchase a 67,500-square-foot retail center in Franklin Township, according to brokers with Marcus & Millichap.

Retail
Grocer, beauty retailer signal latest shift for Middlesex County shopping center

The changing face of retail is on full display at the North Village Shopping Center on Route 1, where a new Trader Joe’s recently opened in a space vacated by Barnes & Noble. The center has now attracted another leading name in retail — all part of an effort by its management team to reinvent the property for the second time in less than 20 years.

Professional Services
Pierson announces new broker hire

Pierson Commercial has made a new addition to its retail brokerage team.

Residential & Mixed Use
Developers begin rehab of historic New Jersey Bell tower in Newark

A joint venture has started construction to restore a historic office tower in downtown Newark, with plans to create 265 apartments and 80,000 square feet of office and retail space.