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.

Residential & Mixed Use
Syndication group finds first deals in Essex, Bergen counties

The newly formed syndication arm of an area real estate firm has made its first two deals, closing on vacant office buildings in Newark and Hackensack that it now plans to reposition.

Retail
Macy’s closing 3 N.J. stores among nationwide cutbacks

Three Macy’s stores in New Jersey are among nearly 70 that will close nationwide this year, as the department store giant looks to streamline its costs and rethink its real estate strategy.

Retail
Levin announces new tenant at Jersey City retail complex

A Popeyes Louisiana Kitchen franchisee is the latest retailer to join a 94,000-square-foot shopping center in the southern end of Jersey City, according to the property’s manager.

Industrial
Furniture seller inks lease at Carteret distribution center

Bob’s Discount Furniture has been identified as the newly signed tenant at a 360,000-square-foot industrial building in Carteret, one of two deals announced recently by developer Prologis.

Retail
CBRE brokers retail trades totaling $25.5M

Two net leased retail sites in Monmouth and Camden counties have been sold for a total of more than $25 million, in separate deals arranged by brokers with CBRE.

The Rundown
Developer gets OK for ShopRite, apartments in New Milford

A narrow vote in New Milford has cleared the way for a developer to proceed with plans for a new shopping center and apartment complex in the borough, published reports said.

Retail
Report: Barnes & Noble, Rutgers bookstore coming to rehabbed Newark building

With the opening of Newark’s first Whole Foods on the horizon, the developers of the building that will house the grocery store have announced the addition of another national brand.

Retail
North Plainfield retail site trades for $5.1M

A North Plainfield retail property has changed hands among private investors for a price of $5.1 million, following a deal brokered by Marcus & Millichap.

Retail
Levin: Chatham retail complex fully leased after latest deal

A new 4,600-square-foot lease a physical therapy operator has brought a Chatham shopping center to full occupancy, Levin Management Corp. announced Thursday.

Retail
Demolition begins for contested Wyckoff supermarket

The operator of a long-planned ShopRite in Wyckoff has started demolition of an existing structure at the site, even as it awaits a decision from a state appeals court in a three-year-old legal battle over the project.