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
LMC tapped to manage grocery-anchored retail centers

The owner of shopping centers in Warren and Monmouth counties has hired Levin Management Corp. to serve as its exclusive managing agent for the properties, the firm said Wednesday.

Retail
Developers, city officials mark grand reopening of historic Hahne’s building in Newark

It was around 2013 when developers first pitched the idea of creating a dynamic, mixed-use destination at the iconic former Hahne & Co. department store in downtown Newark. But it’s fair to say that, for thousands of city residents, the project was 30 years in the making.

Retail
South Orange retail center welcomes fitness chain

A gym operator has leased 12,000 square feet at a retail center in the heart of downtown South Orange, The Goldstein Group said Monday.

Retail
Marcus & Millichap brokers $6M retail sale in Atlantic County

A nearly 50,000-square-foot shopping center in Atlantic County has a new owner, following a deal brokered by Marcus & Millichap.

Hospitality & Tourism
Spa complex opens at former Edgewater factory site

A new high-end, 240,000-square-foot spa has opened its doors in Edgewater, completing the redevelopment of another piece of the former Alcoa factory site along the Hudson River.

Government & Public Policy
With a new name, mixed-use park around Prudential Center moves forward

Public officials and business leaders gathered Wednesday to unveil new details about plans to transform the surface lots around the Prudential Center into a dynamic, mixed-use park area that connects Newark Penn Station to the city’s downtown and Ironbound neighborhoods.

Office
Multistate platform drives 2016 leasing for Denholtz

Denholtz Associates recorded some 1 million square feet of leasing activity in 2016, including about 700,000 square feet in New Jersey and a deal with a major publishing company in Florida.

Retail
Aberdeen tax breaks aim to spur investment on Route 35

Local officials in Aberdeen have unveiled new incentives to encourage new commercial development and improvements to existing buildings around the township’s Route 35 corridor.

Finance & Capital Markets
HFF brokers $17.5M refinance for Warren retail center

The owners of a grocery-anchored shopping center in Warren are refinancing the property for $17.5 million, following a transaction arranges by HFF.

Retail
Amazon to open first N.J. store at Paramus mall

Amazon’s first brick-and-mortar bookstore in New Jersey is coming to one of the state’s busiest and best-known retail destinations — Garden State Plaza in Paramus.