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
Meridian brokers $70 million loan for Somerset’s Bell Works project

Investors Bank is providing a $70 million loan to Somerset Development for its landmark Bell Works project in Holmdel, under a financing deal negotiated by Meridian Capital Group.

Retail
Walgreens in West Milford trades for $10.6 million

A private investor has paid more than $10.6 million for a triple-net-leased Walgreens property in West Milford, according to brokers with Marcus & Millichap who arranged the deal.

Retail
Somerset County retail center sells for $3.1 million, Marcus & Millichap says

A developer has sold an 8,400-square-foot retail center in Bound Brook for more than $3 million, in a deal brokered by Marcus & Millichap’s New Jersey office.

Retail
Flooring business opens at ex-Sports Authority site in Paramus

A former Sports Authority building in Paramus has found new life as a location for a flooring and tile seller that is expanding in New Jersey, The Goldstein Group said Monday.

Retail
Burger chain coming to mixed-use Bloomfield project

A fast casual burger chain is set to anchor the ground-floor retail space at a recently built, luxury apartment building in downtown Bloomfield, following a deal brokered by Ripco Real Estate.

Retail
NRDC looks to forge ahead with Wegmans-anchored lifestyle center in Middletown

A developer is hoping to build support for a plan that would bring a new high-end retail center to Middletown, one that it says will be a modern alternative to the aging, cookie-cutter strip malls and big-box stores that line the Route 35 shopping corridor.

Retail
Developers break ground on Whole Foods-anchored center in Parsippany

Construction is underway at a new 150,000-square-foot retail center that is slated to bring a long-awaited new Whole Foods Market to Parsippany, the developers said Wednesday.

Retail
LMC: Sushi chain marks third location with Bayonne lease

A Bayonne retail property is now fully occupied after signing a lease with a Hudson County-based sushi chain, according to Levin Management Corp.

Retail
NAI Hanson: New owner of Caldwell bank building plans conversion

Wells Fargo has sold a corner bank building in downtown Caldwell, paving the way for its new owner to convert it to a mixed-use property for office and retail tenants.

Retail
Middlesex County retail property sells for $1.2 million

A freestanding retail building in North Brunswick has changed hands among private investors, in a nearly $1.2 million sale brokered by Marcus & Millichap.