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
Otteau Group, influential appraisal and advisory firm, promotes Montferrat to partner

The Otteau Group has elevated Connor Montferrat to partner, citing his contributions, leadership and service to clients since he joined the Matawan-based firm in 2017.

Retail
VanRock buys 12,000 sq. ft. Dollar General property in Camden County, C&W says

VanRock Properties has acquired a nearly 12,000-square-foot retail building in Camden County for $1.675 million, brokers with Cushman & Wakefield announced Tuesday.

Residential & Mixed Use
NAIDB: Portfolio with 10 apartments, commercial space trades in Raritan Borough

A private investor has acquired a combined 10 apartments and four commercial spaces in Raritan Borough as part of a two-building portfolio sale arranged by NAI DiLeo-Bram & Co.

People
FNRP taps Kellams as director of leasing

Jeff Kellams has joined First National Realty Partners as director of leasing, in the latest key addition to the Red Bank-based private equity firm.

Food & Beverage
Bojangles, iconic Southern restaurant chain, plans 35 new franchise locations in New Jersey

Southern-style restaurant chain Bojangles is planning at least 35 new locations in New Jersey as part of a recently announced push to expand in and around New York City.

Government & Public Policy
Perth Amboy, East Orange projects among five to receive EDA gap financing grants

Plans for a new 23-unit apartment building in Perth Amboy are moving ahead with the help of a grant approved last week by the state Economic Development Authority.

Retail
Lenwich, famed N.Y.C. sandwich chain, inks lease in Hoboken for first New Jersey store

A well-known Manhattan sandwich chain is expanding to New Jersey with a new location in downtown Hoboken, in a deal arranged by Atlantic Coastal Real Estate and Grid Real Estate.

Retail
TFE plans refresh of Route 35 shopping center after buying 70,000 sq. ft. property

TFE Properties has acquired a 70,000-square-foot retail center in Monmouth County, seeking to modernize the property to tap into other economic development efforts in the area.

Retail
Discounters, experiential users shine as LMC inks 570,000 sq. ft. in first-half leasing activity

Demand for retail space in the region is strong and steady, according to a prominent real estate services firm, thanks in large part to discount chains and experiential and fitness operators.

Retail
Report: Newark retail market booming with activity, opportunity amid $2 billion in unmet spending power

Newark’s retail market is thriving yet still largely untapped, according to a new report, revealing a chance for businesses to capture the full extent of residents’ $6 billion in spending power.