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.

Government & Public Policy
EDA marks launch of street-level business incentives in five cities

State officials have formally rolled out two funding programs meant to spur investment in street-level retail space in five cities: Trenton, Paterson, Passaic, Camden and Atlantic City.

Retail
Middletown shopping center welcomes ‘old world’ Italian market

An Italian market has rolled out its third location in New Jersey with the opening of a new 15,000-square-foot store in Middletown, according to brokers involved in the deal.

Finance & Capital Markets
Retail owner refinances for $19.75 million, Eastern Union says

Eastern Union Funding has arranged a nearly $20 million loan for a client to refinance a 106,000-square-foot shopping center in Jackson, the firm said Tuesday.

Event Coverage
Panel: Redevelopment coming in all shapes and sizes in Bergen County

From downtown Fort Lee to the idyllic suburbs of Montvale and Park Ridge, Bergen County has become a focal point for New Jersey’s evolving commercial real estate landscape. Many of those changes were on display during a recent conference known as the New Jersey Gold Coast North and Bergen County CRE Summit.

Residential & Mixed Use
South Jersey properties sell for $23 million, Kislak says

Two garden apartment complexes and a shopping center in southern New Jersey have changed hands for a combined $23 million, under a set of transactions brokered by The Kislak Co. Inc.

Retail
Footwear seller joins tenant lineup at Morris County retail development

A shopping center that is under construction in Morris County has added a global shoe retailer to its roster, according to developer Key Properties LLC.

Retail
LMC: Growing fitness chain joins Watchung retail center

A program-based fitness operator has leased 3,000 square feet at a heavily trafficked shopping center along Route 22 in Watchung, according to Levin Management Corp.

Retail
Massage Envy, European Wax join Linden retail center

A prominent shopping center on Route 1 in Linden is set to welcome a Massage Envy and a European Wax location, under leases brokered by Jeffery Realty.

Retail
Kimco: New small-format Target store planned for South Jersey retail center

Target has leased 48,000 square feet in Haddon Township, where one of the company’s new small-format stores will anchor a repositioning project being overseen by Kimco Realty Corp.

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.