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
Abercrombie leases 5,000 sq. ft. for new downtown Hoboken location, Grid Real Estate says

Abercrombie & Fitch is coming to Hoboken’s main retail corridor after leasing 5,000 square feet at a prominent corner property downtown.

Retail
Pierson: Indian eatery takes 3,500 sq. ft. in Hillsborough, bringing retail center to full occupancy

A shopping center on Route 206 in Hillsborough is now fully leased after new commitment by an Indian restaurant, in a deal arranged by Pierson Commercial.

Retail
Upscale seafood restaurant opens at LeFrak’s Newport community in Jersey City

LeFrak has welcomed a new seafood restaurant to the base of an apartment tower in its 600-acre Newport district in Jersey City.

Retail
Dance school takes 2,800 sq. ft. at Larken-owned shopping center in Springfield

Larken Associates is welcoming a new tenant to its Echo Plaza Shopping Center in Springfield after inking a nearly 3,000-square-foot lease with a dance school.

Retail
BRC: Basketball training center takes 8,000 sq. ft. at Toms River shopping center

A basketball training center has leased more than 8,000 square feet at a Toms River shopping center, according to a brokerage team with Bussel Realty Corp.

Finance & Capital Markets
Cronheim: Clifton’s Styertowne Shopping Center refis for $20 million, with updates underway

The owner of the historic Styertowne Shopping Center in Clifton has refinanced the grocery-anchored property for $20 million, brokers with Cronheim Mortgage said last week.

Retail
Doren Development secures local approval for new Starbucks in Monmouth County

Doren Development has received approval to build another Starbucks in New Jersey, this time in Monmouth County, where it will redevelop a former bank branch off Route 36.

Finance & Capital Markets
Kushner lands Fortress, Rithm Capital construction loans totaling $415 million for Monmouth Mall redevelopment

Kushner has secured $415 million in construction financing for its landmark plan to transform the Monmouth Mall with a downsized, open-air retail footprint and the addition of 1,000 apartments and new commercial and community spaces.

Retail
Costco seeking new location at ex-Stop & Shop, Kmart property on Route 17 in Paramus

Costco has set its sights on Paramus, eyeing a site on Route 17 South where it would revitalize a property once home to Stop & Shop and Kmart.

Retail
TFE adds three-building, 93,000 sq. ft. retail property in Fair Lawn, in JLL-brokered deal

TFE Properties has expanded to Bergen County with its purchase of nearly 93,000 square feet of retail space on a 6.3-acre site in Fair Lawn, in a deal arranged by JLL.