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
Blackstone buys majority stake in Jersey’s Mikes in deal reportedly worth $8 billion

Blackstone is acquiring a majority stake in Jersey Mike’s Subs, reportedly for some $8 billion, in a move aimed at continuing the Manasquan-based sandwich chain’s rapid growth.

Retail
Atlantic Coastal: ALBI Properties adds 20,000 sq. ft. Clifton retail property for $4.4 million

An investor has acquired nearly 20,000 square feet of highway retail space in Clifton for $4.4 million, in a deal arranged by Atlantic Coastal Real Estate LLC.

Retail
Honeygrow eyes newest New Jersey location with 2,500 sq. ft. lease in Freehold

Stir fry and salad chain honeygrow is once again expanding in New Jersey with a newly completed lease in Freehold, one of several locations that the eatery announced Monday.

Residential & Mixed Use
Kushner eyes early 2025 launch for long-awaited, 1,723-unit rental project in Journal Square

Apartments at a massive mixed-use project in Jersey City are now just months away from hitting the market, with preleasing for the 1,723-unit property set to begin early next year.

Finance & Capital Markets
G.S. Wilcox sources loans totaling $25 million for Clifton, Mount Holly retail landlord

The owner of two shopping centers in Clifton and Mount Holly has secured a combined $25 million in financing, in a set of recent loans arranged by G.S. Wilcox & Co.

Retail
Investor adds 8,400 sq. ft. Moorestown daycare center in $5.4 million deal, Marcus says

A daycare center in Moorestown sold for some $5.4 million, brokers with Marcus & Millichap announced Tuesday.

Retail
Bennett Realty: Buyer wanted for 122,000 sq. ft. shopping center in Iselin

The owner of a 122,000-square-foot shopping center in Woodbridge has retained Bennett Realty & Development to sell the property, the Holmdel-based brokerage announced Tuesday.

Retail
Yoga studio takes 3,300 sq. ft. in downtown Summit in deal arranged by Sheldon Gross

A yoga studio has leased a 3,300-square-foot retail space in downtown Summit, Sheldon Gross Realty brokers announced last week.

Top News
Accordia 2.0: Inside the commercial real estate firm’s next chapter — and the story behind its new leadership team

Accordia is entering a new phase as a developer, investor and asset manager, with high-profile additions to its team, a revamped business plan and several major projects on the horizon.

Retail
Goldstein Group: McDonald’s leases 4,500 sq. ft. in Somerset to revive restaurant pad site

McDonald’s has found a new home in the Somerset section of Franklin after leasing a site that once housed a rival chain, brokers with The Goldstein Group announced Monday.