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.

Finance & Capital Markets
NRDC snags $31 million loan for 358,000 sq. ft. Burlington retail center, Cronheim says

The owner of a 358,000-square-foot, Walmart-anchored shopping center in Burlington has closed on $31 million in financing for the property, in a deal arranged by Cronheim Mortgage.

Retail
Goldstein Group: Busy 47,000 sq. ft. retail center in Fort Lee trades for $37 million

An investor has acquired a 47,000-square-foot retail property in downtown Fort Lee for $37 million, in a deal arranged by Booth Street Realty and The Goldstein Group.

Retail
Kislak: Brooks Brothers coming to downtown Red Bank with new 5,300 sq. ft. lease

Brooks Brothers has leased nearly 5,300 square feet for a new store in downtown Red Bank, in a newly announced deal by Kislak Commercial Real Estate Services Inc.

Professional Services
NAIDB promotes standout broker Shein to executive vice president

NAI DiLeo-Bram & Co. has promoted Marc Shein, a leading producer at the commercial real estate brokerage firm, to executive vice president.

Events
Jersey City Summit expecting packed house (and program) as event marks 10th anniversary

The annual Jersey City Summit will mark a milestone next month when it returns to the iconic Harborside campus, where it’s expected to draw nearly 1,300 attendees for one of the state’s largest gatherings for commercial real estate.

Professional Services
Levin promotes Ciaravino to director of operations

Levin Management Corp. has elevated Denise Ciaravino to director of operations, citing her leadership and longstanding contributions to the firm’s property management department.

Top News
IPRG: Buyer wanted for iconic Bendix Diner property on Route 17 in Hasbrouck Heights

The owner of a landmark diner in Hasbrouck Heights has tapped IPRG to sell the Route 17 property, providing an opportunity for a new operator or potential redevelopment of the site.

Retail
Doren Development lands key approval to build 7 Brew Coffee shop in Winslow Township

A new 7 Brew Coffee shop is on track to replace a former bank branch in Winslow Township as part of a newly announced project by Doren Development.

Retail
LMC brokers 62,000 sq. ft. lease for new ShopRite in Staten Island

A new 62,000-square-foot ShopRite is coming to Staten Island as part of a deal arranged by North Plainfield-based Levin Management Corp., the firm announced this week.

Food & Beverage
Food, beverage users ramp up expansion in New Jersey as JLL inks 24,000 sq. ft. in new leases

Food and beverage users are expanding across northern and central New Jersey — with more moves likely to follow — as part of a series of newly announced lease deals by JLL.