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
Ocean County retail site with STS trades for $1.175 million

An unnamed company has paid $1.175 million to acquire a nearly 10,000-square-foot retail site in Manchester, Marcus & Millichap announced Friday.

Finance & Capital Markets
Brokerage team closes $30M in deals since Labor Day

Two New Jersey-based brokers with Marcus & Millichap have kept busy in recent months, executing deals with a total value of more than $30 million threshold since Labor Day.

Residential & Mixed Use
N.Y. firm eyes 2.3M sq. ft. redevelopment of Newark stadium

A developer has closed on its acquisition of the former Newark Bears baseball stadium in the state’s largest city, paving the way for it to redevelop the site into a sprawling mixed-use neighborhood.

Retail
Denholtz gets OK for shopping center in Clark redevelopment

The Clark planning board has approved Denholtz Associates’ plans to redevelop part of a sprawling commercial complex near the Garden State Parkway, the firm announced.

Office
Office, retail tenants fill new Englewood building

A private school, a well-known cigar maker and a pharmaceutical firm are among the tenants that have brought a new 46,000-square-foot Englewood commercial building to full occupancy.

Retail
Marcus & Millichap brokers Burlington County retail sale

An 8,110-square-foot retail property in Marlton has changed hands between private investors, in a nearly $1.6 million deal brokered by Marcus & Millichap.

Retail
NAI Hanson brokers lease to ministry in Bergenfield

A retail space that once housed a bank in Bergenfield is now home to a church, following a deal arranged by brokers with NAI James E. Hanson.

People
New hire bolsters leasing, sales team for Goldstein

The Goldstein Group has bolstered its leasing and sales team with the addition of Marc Palestina, the Paramus-based retail brokerage announced Monday.

Retail
Pierson: Jersey Mike’s adds new stores in northern, central N.J.

Jersey Mike’s Subs is continuing its rapid growth in the Garden State, with Pierson Commercial representing the chain in seven new leases in northern and central New Jersey.

Retail
Hampshire sells out-of-state retail property

A decade after acquiring a grocery-anchored shopping center in Naples, Florida, The Hampshire Cos. has sold the 85,078-square-foot investment property.