Athletic play franchise KidStrong is headed to Watchung’s Blue Star Shopping Center, leasing 3,000 square feet as the property undergoes a multimillion-dollar upgrade.
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.
Owners Council Q&A: Katie Kurtz
In many property types, the market remains at somewhat of a standstill, with the high cost of capital making desired return metrics hard to hit. However, the strength of the multifamily and industrial sectors allows smart investors to transact. The promise of further rate cuts does bring reasons for optimism. Predicting the exact industry response is challenging though, as it will take time for the market to adjust to the new rates and benchmarks before transaction volume picks up.
