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.

Professional Services
Family values: NAI Mertz has staked its claim in South Jersey, while keeping its nimble, ‘mom-and-pop’ feel over more than 35 years

NAI Mertz might be the largest independent commercial real estate brokerage in southern New Jersey, but Barry Mertz will never forget the company’s humble beginnings.

After all, working with his wife Faye is a daily reminder of how it all started.

Retail
LMC: Wireless carrier inks lease at Mercer shopping center

T-Mobile has leased 2,600 square feet at a 175,400-square-foot shopping center in Hamilton, according to brokers with Levin Management Corp.

Professional Services
Longtime retail broker joins Colliers

Colliers International Group Inc. has added to its brokerage team in New Jersey with the hiring of a 27-year retail industry veteran.

Government & Public Policy
All business: A decade later, Woodbridge mayor still has economic development at the top of his agenda

Since taking office in late 2006, Woodbridge Mayor John McCormac has emerged as one of the most development-friendly and pro-business mayors in all of New Jersey. He and his economic development team can boast a record that includes two new power plants, millions of square feet of warehouse space and dozens of new retailers, banks and eateries that have opened during that time.

Office
JLL: New Brunswick redevelopment has flexible design for tenants to ‘make a statement’

New Brunswick Development Corp. expects to begin site construction next month at a planned 1.7 million-square-foot redevelopment project in the heart of the Middlesex County seat.

Retail
Advance: Petco inks deal at Route 130 retail center

Petco has signed a 15,643-square-foot lease at Advance Realty’s recently repositioned shopping center in East Windsor, bringing the property to 90 percent occupancy.

Government & Public Policy
New EDA programs seek to promote street-level leasing, upgrades

The state Economic Development Authority last month unveiled two new funding tools aimed at helping street-level retail and downtown businesses in Passaic, Trenton, Paterson, Camden and Atlantic City.

Industrial
Wakefern mulls new 930K sq. ft. warehouse in Central Jersey

Wakefern Food Corp. could be in line to expand its vast footprint in New Jersey, having told state officials that it was considering a massive new warehouse facility in Perth Amboy.

Retail
Report: RadioShack to close 20 N.J. stores

RadioShack will shutter 20 stores in New Jersey amid more than 550 closures across its portfolio, according to published reports.

Retail
Morris County retail center fetches $3 million

271 Route 46 West in Mine Hill — Marcus & Millichap By Joshua Burd A private investor has sold a 16,000-square-foot retail property along Route 46 in Morris County, according to brokers with Marcus & Millichap’s New Jersey office. Brian…