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
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.

Retail
Nail spa is newest tenant at Hamilton retail center

A nail salon has leased 2,250 square feet at Hamilton Plaza, a 175,400-square-foot shopping center along Route 33 in Hamilton Township.

Retail
Fast food sites sold in Hudson County, Marcus & Millichap says

Two net leased fast food properties in Hudson County have new owners, following separate deals announced Tuesday by Marcus & Millichap.

Professional Services
New Weichert Commercial unit aims to help investor clients

Weichert Commercial Brokerage Inc. has launched a new platform aimed at assisting clients seeking to invest in commercial real estate, the company announced Tuesday.

Retail
New owner plans upgrades to 54k sq. ft. Newark retail site

A real estate investment firm has acquired a retail property across from Newark’s University Hospital, with plans to make a series of improvements geared toward attracting retailers, medical offices and other users.

Industrial
HVAC wholesaler plans upgrades for newly acquired Perth Amboy site

A company that sells supplies for contractors and plumbers has acquired a 9,000-square-foot building in Perth Amboy, Rosengarten Realty & Development announced Monday.