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
JLL: East Hanover Plaza trades in three-state, $126 million portfolio sale by SITE Centers

SITE Centers Corp. has sold a more than 98,000-square-foot shopping center in East Hanover as part of a multistate portfolio deal valued at $126 million, brokers with JLL said Tuesday.

Retail
Doren Development buys historic building in downtown Rutherford, with updates underway

Doren Development has acquired a historic mixed-use building in downtown Rutherford, where it has kicked off renovations to restore and modernize the landmark property.

Retail
Local buyer adds 22,000 sq. ft. Rutherford retail center in $7.4 million deal, Marcus says

A private investor has acquired a nearly 22,000-square-foot retail property in Rutherford for $7.35 million, brokers with Marcus & Millichap announced Friday.

Residential & Mixed Use
J&L inks lease with Alpha Fit Club to bring fitness studio to new Ironbound rental property

A new boutique fitness studio is coming to Newark’s Ironbound section after taking space at Fifty-Five Union, the 403-unit upscale multifamily property developed by J&L Cos.

Retail
Azarian: Bolivian bakery to open first storefront with new lease in Livingston

A specialty bakery has leased more than 900 square feet at the busy Livingston Town Center along Route 10, in a newly announced deal by Azarian Realty Co.

Retail
Three-tenant, 22,000 sq. ft. strip center in Union City trades for $7.8 million, Marcus says

A private investor has acquired a 22,000-square-foot retail center in a key business district in Union City, in a newly announced deal by Marcus & Millichap.

Finance & Capital Markets
Kennedy inks $2.9 million land loan for South Orange project with 61 rentals, 23,000 sq. ft. of commercial space

A developer has closed on a $2.85 million land loan from Kennedy Funding in connection with plans to build 61 apartments and commercial space in South Orange.

Retail
Karate studio, boxing gym coming to Voorhees retail center, Vantage Commercial says

A shopping center in Voorhees Township is now fully leased after new deals with a karate studio and a boxing gym, brokers with Vantage Commercial announced recently.

Retail
RIPCO: Boot Barn set to debut three New Jersey stores by year-end, inks lease for another

Boot Barn is ramping up its expansion in New Jersey, announcing new store openings in Bridgewater, Totowa and Jersey City and a new lease signing for a future site in Edison.

Retail
Azarian: Fitness user takes 2,400 sq. ft. at Ringwood shopping center

A gym with bootcamp-themed classes has leased more than 2,400 square feet at a retail property in northern Passaic County, in a newly announced deal by Azarian Realty Co.