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.

New indoor skydiving center nearing completion in Paramus

This spring, an indoor skydiving company is set to complete construction of its first New Jersey location, offering customers timed packages of flight time that mimics the feeling of free-fall skydiving, but safely indoors in an air-conditioned environment. The new location at 211 Route 4 will be among more than 60 in 14 countries for the operator, iFLY Indoor Skydiving.

New owner plans to reposition former Kmart center in East Brunswick

A developer has acquired a former Kmart-anchored retail complex in East Brunswick, with plans to reposition the 150,000-square-foot property through a potentially mixed-use project.

Ironbound bank building reborn as home of 7-Eleven, fitness chain

A well-known bank building in Newark has found new life as the future home of a 7-Eleven and a growing fitness chain, following a series of renovations by a real estate investment firm.

Professional Services

Medical, fitness deals among recent leases by Sitar

A medical practice has leased more than 6,000 square feet in Little Silver, in one of nearly two dozen transactions announced recently by Sitar Realty Co.

WCRE inks 6,100 sq. ft. lease in Voorhees with child care center

A child care business has leased more than a third of a 15,070-square-foot retail building in Camden County, brokers with Wolf Commercial Real Estate said Friday.

Hollister delivers new-look Aston Martin facility in Summit

Hollister Construction Services has completed renovations at an Aston Martin dealership in Summit, as part of a plan to modernize the building’s showroom and other spaces within the facility.

Murphy announces pick to lead EDA

Gov. Phil Murphy has named a former banker and current public official in Connecticut as the next CEO of the powerful New Jersey Economic Development Authority.

Finance & Capital Markets

Cross River hires veteran banker to grow CRE lending division

A veteran loan officer has joined Cross River, a Fort Lee-based bank with a growing multifamily and commercial real estate division.

East Brunswick retail center sells for $25.4 million, HFF says

A joint venture has sold a 117,000-square-foot, grocery-anchored shopping center in East Brunswick for more than $25 million, in a deal arranged by brokers with HFF.

Colliers: Entertainment park leases 24,000 sq. ft. in Middlesex County

A trampoline and entertainment center has opened inside a Middlesex County shopping center, following a 24,000-square-foot lease announced Tuesday by Colliers International.