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.

Office
Deluccia: Financial services consulting firm renews, expands in Somerville to 16,000 sq. ft.

A financial services consulting firm has renewed and expanded its lease in Somerville, where it now occupies more than 16,000 square feet at a prominent downtown property.

Retail
Stockbridge, Cypress sell 94,000 sq. ft. Linden retail center in deal arranged by JLL

A joint venture has sold a prominent retail center in Linden, completing the deal five years after delivering the nearly 94,000-square-foot property along the Route 1&9 corridor.

Photos
SLIDESHOW: Profeta Real Estate Center at NJIT launch event

Many of the state’s leading developers and service providers descended on New Jersey Institute of Technology’s Newark campus last week, joining administrators, faculty and students for the launch of the Profeta Real Estate Technology, Design and Innovation Center.

Retail
McDonald’s debuts 3,700 sq. ft. location in Oakland, Goldstein Group says

A new McDonald’s has opened its doors at a busy intersection in Oakland, where it occupies nearly 3,700 square feet under a lease announced last fall.

Retail
Vita & Vita breaks ground on 15,000 sq. ft. addition to Lincoln Park retail center

Vita & Vita Realty Corp. has started on a 15,000-square-foot expansion to a Lincoln Park shopping center, its latest addition to a sizable retail portfolio in the borough.

Retail
LMC: Blue Star Shopping Center sees 40 percent surge in visits as redevelopment draws new restaurants, entertainment

Patrons are flocking to the new-look Blue Star Shopping Center in Watchung, fueling a surge in foot traffic that’s poised to continue with a growing slate of dining and experiential tenants.

Finance & Capital Markets
W&D: Nasser Freres scores $375 million construction loan, eyes 2029 delivery for 840-unit Journal Square tower

Nasser Freres has closed on a $375 million construction loan for a project that will add 840 apartments and a well-known grocer to Jersey City’s booming Journal Square neighborhood.

Retail
Urban Edge, Iron Revolution ink 28,000 sq. ft. deal at Middletown shopping center

Urban Edge Properties has filled a key space while expanding the fitness lineup at a Middletown retail center, leasing more than 28,000 square feet to a concept known as Iron Revolution.

Retail
Cervelli: Local supermarket takes 1,100 sq. ft. on Union City’s Bergenline Avenue

A local supermarket operator has leased nearly 1,100 square feet at a mixed-use building in Union City, in a deal arranged by Cervelli Real Estate & Property Management.

Retail
Candy shop signs five-year lease in downtown Somerville, Deluccia says

A specialty candy shop is coming to Somerville after leasing space in the heart of the downtown, in a newly announced transaction by Deluccia Commercial Group.