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.

Residential & Mixed Use
KRE, National unveil third tower at Journal Squared to conclude pioneering, 1,840-unit project in historic Jersey City neighborhood

Kushner Real Estate Group has debuted the third and final piece of Journal Squared, the collection of more than 1,800 luxury apartments that’s widely seen as a main catalyst for the decade-long development boom in Jersey City’s historic commercial district.

Retail
Net-leased Wawa store, gas station in Wayne trades for $6.7 million

A private investor has purchased the site of a new Wawa store and gas station in Wayne for nearly $6.7 million, according to a brokerage team with Marcus & Millichap.

Retail
Paramount Realty plans new Wawa project after buying Pennsville tract, Goldstein Group says

Paramount Realty has acquired a development site in Salem County that it now plans to develop as a Wawa convenience store and gas station, in a deal arranged by The Goldstein Group.

Retail
Veris-, Woodmont-led venture sells 50,000 sq. ft. Morristown retail asset to Winfield Properties

A joint venture led by Veris Residential Inc. and Woodmont Properties has sold nearly 50,000 square feet of retail space in downtown Morristown, brokers with JLL announced Friday.

Deals
Quinas arranges sale of long-vacant retail property in Newark for $625,000

The site of a vacant 2,500-square-foot retail property in Newark has changed hands for $625,000, in a newly announced deal by The Quinas Cos. Inc.

Finance & Capital Markets
Lenders Capital closes $2 million loan for Hullfish restaurant project in Lawrenceville

A property owner in Lawrence Township has secured a $2 million loan for a plan to build a new restaurant in the town, in a deal arranged by Lenders Capital Realty Services.

Residential & Mixed Use
Deluccia inks sale of six-unit apartment, retail building in downtown Somerville

A local family has sold a six-unit apartment and retail building in downtown Somerville, in a newly announced deal by Deluccia Commercial Group.

Retail
Bridgewater shopping center welcomes 7,400 sq. ft. Liquor Cave, LMC says

A new liquor store has opened its doors at a 219,000-square-foot retail property in Bridgewater, according to a leasing team with Levin Management Corp.

Retail
Marcus: Net-leased 7-Eleven convenience, gas property in Freehold trades for $4.7 million

A local investor has purchased a net-leased 7-Eleven property in Freehold for $4.7 million, in a deal arranged by Marcus & Millichap.

Retail
Investor buys 20,000 sq. ft. Flemington strip center for $3.2 million, BRC says

A fully leased, 20,000-square-foot strip center in Flemington has changed hands for more than $3 million, in a newly announced deal by Bussel Realty Corp.