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.

Professional Services
LMC adds new VP of construction, development

Levin Management Corp. has bolstered its in-house team with the addition of a new vice president of construction and development.

Residential & Mixed Use
Daycare academy leases 4,600 sq. ft. at Jersey City rental tower

A new daycare business has leased space at a recently opened, luxury high-rise apartment building in Jersey City’s Liberty Harbor North neighborhood.

Residential & Mixed Use
Developer details plans for ex-Colgate site in Morris County

JMF Properties has unveiled plans for transforming the former Colgate-Palmolive industrial campus in Morris County, where it has been named redeveloper of the 64-acre site.

Retail
Wawa property trades for $5.5 million in Mercer County

A private real estate investment trust has sold a newly built Wawa and gas station property in Mercer County, in a $5.5 million sale announced Tuesday by Marcus & Millichap.

Finance & Capital Markets
Progress: $2.8 million loan funds Monmouth County retail purchase

Progress Capital Advisors has secured nearly $2.8 million in financing for a client to acquire an 18,150-square-foot shopping center on Route 35 in Neptune.

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.