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.

Retail
New owners plan $5 million makeover at Mercer County retail center

A joint venture has acquired a nearly 400,000-square-foot shopping center in Mercer County and is now planning some $5 million in upgrades at the grocery-anchored property.

Retail
LMC brokers restaurant lease in Somerset County

An Asian restaurant is the latest addition to a Somerset County shopping center after inking a 4,000-square-foot lease at the property, Levin Management Corp. said Tuesday.

Residential & Mixed Use
Planting the seed: Developer pitching concept plan for redeveloping 653-acre former research complex

There was a time when the sprawling former American Cyanamid complex in West Windsor bustled with more than 1,000 employees and agricultural researchers. A developer hopes to see the property bustling once again — but in a much different way.

Retail
Bergen County bank building fetches $6.5 million, Goldstein Group says

Investors have acquired a 13,000-square-foot bank building in Englewood Cliffs, The Goldstein Group announced Monday after brokering the $6.5 million deal.

The Rundown
Bebe to close all stores, including 9 in N.J.

Women’s clothing chain Bebe will close all of its stores, including nine in New Jersey, making it the latest national retailer that’s slated to leave behind vacant spaces around the state and across the country.

Retail
Tucker unveils seven new retailers at Springfield Avenue project in Newark

The retail portion of Tucker Development’s major mixed-use project in Newark is now 85 percent leased after recent commitments from seven new retailers, the firm said Thursday.

Retail
New hire bolsters JLL retail team in New Jersey

JLL has continued the expansion of its retail brokerage team in New Jersey with the hiring of Eduardo Pena, an industry expert with more than 20 years of experience.

Government & Public Policy
Long overdue liquor license reform would drive economic development

Restaurants have proven to be desirable anchors for redevelopment projects and magnets for other businesses. However, with few liquor licenses available, smaller local establishments are having their chances of success diminished or are being shut out, thereby stifling competition, development and consumer choice.

The Rundown
Developers plan $35 million mixed-use project in Burlington City, report says

A joint venture is one step closer toward redeveloping a parking lot in Burlington City into 184 apartments and nearly 8,000 square feet of retail space along the Delaware River.

Retail
Marcus & Millichap brokers retail sale in Elizabeth

A private investor has acquired a 16,208-square-foot retail property in Elizabeth, in a $2.65 million deal brokered by Marcus & Millichap.