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.

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Real Estate NJ’s 2018 Market Forecast

What does the year 2018 have in store for New Jersey’s commercial real estate market? We put out a call to the industry and were fortunate to recruit some of the state’s most influential developers, professionals and thought leaders to give us their predictions for the year ahead.

Professional Services
WCRE promotes VP to principal

A broker at Wolf Commercial Real Estate has become its newest principal and shareholder, earning the promotion less than four years after joining the firm.

Retail
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.

Retail
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.

Office
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.

Retail
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.

Retail
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.

Retail
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.