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.

Ex-furniture store changes hands on Route 22, Remco says

An electrical products distributor and wholesaler has acquired a furniture store in North Plainfield, in an $850,000 transaction arranged by Remco Realty Group.

Editor’s Note

Coming soon: Industry Roundups from Real Estate NJ

In the days and weeks ahead, we will introduce a new addition to Real Estate NJ aimed at zeroing in on the major asset classes and service sectors in the Garden State. Known as Industry Roundups, the new e-blasts will highlight the top headlines and stories in each field, giving you a chance to catch up on all the latest news in a way that’s tailored to a specific part of the industry.

Zoltek: Fitness chain leases 8,000 sq. ft. in Irvington

A regional fitness chain is set to open its seventh club location in the state, following an 8,000-square-foot lease in Irvington arranged by Zoltek Realty.

Finance & Capital Markets

G.S. Wilcox brokers $25.2 million loan for Lowe’s project in N.Y.

G.S. Wilcox & Co. has arranged more than $25 million in financing for the development of a future Lowe’s Home Improvement warehouse in New York’s Westchester County.

Prism announces management, operations team at ON3 campus

Prism Capital Partners has assembled a team to oversee its new ON3 campus in Nutley and Clifton, including three former Hoffmann-La Roche employees who worked at the site for a combined 90 years.

Ministry leases 8,900 sq. ft. at historic East Orange building

A church organization has leased nearly 9,000 square feet at a historic complex in East Orange, according to brokerage firm Sheldon Gross Realty.

CBRE: Secaucus retail center sells for $43 million

The owner of a shopping center in Secaucus has sold the complex for $43 million, marking the second sale in four months of a retail property in the town’s Harmon Meadow section.

High-end Eastern European supermarket opens first N.J. location

A gourmet Eastern European grocery store based in Brooklyn has unveiled its first location in New Jersey, a 30,000-square-foot space in Paramus.

7-Eleven commits to new store in Denville, Zoltek says

A new 7-Eleven store will take over the former site of an auto repair shop in Denville, following a lease arranged by Zoltek Realty.

Bagel, fruit bowl shops lease space at Aberdeen train station project

Two food operators are coming to a new mixed-use development near the Aberdeen train station, following recent leases brokered by Pierson Commercial.