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.

Finance & Capital Markets
Bayport closes $4.9 million loan for commercial-to-residential project in Elizabeth

The developer behind a plan to convert a historic commercial building in Elizabeth into 15 apartments has secured nearly $4.9 million in financing from Bayport Funding.

Retail
SRS: Developer inks $6 million sale of new Wawa ground lease in Gloucester County

A developer has sold the ground lease for a newly built Wawa in Gloucester County for more than $6 million, brokers with SRS Real Estate Partners announced last week.

People
Levin adds Yurowitz as marketing specialist to support growing business, deal volume

Levin Management Corp. has hired Hayley Yurowitz as a marketing specialist, bolstering the team supporting its strong growth and transaction volume.

Professional Services
Linfante joins Newmark Associates as vice president, continues role with Integra

Newmark Associates has bolstered its team with the addition of Arthur Linfante, a seasoned consultant with vast experience in commercial real estate valuation and advisory.

Government & Public Policy
Westfield OKs changes to closely watched plan for new office, residential buildings downtown

A high-profile redevelopment project in Westfield is moving ahead with key changes, following the town’s approval of a plan that now includes nearly 200,000 square feet of office space, 205 residential units and a series of public improvements and new green spaces downtown.

Retail
JLL: 98,000 sq. ft. East Hanover retail property on the market for sale

A real estate investment trust is seeking a buyer for more than 98,000 square feet of retail space on Route 10 in East Hanover, having retained JLL to market the property.

Retail
Longtime owner sells 24,000 sq. ft. Glen Rock retail center in deal arranged by C&W

Brentwood Realty has acquired more than 24,000 square feet of retail space in Glen Rock, in a newly announced deal by Cushman & Wakefield.

Finance & Capital Markets
G.S. Wilcox sources $18 million loan for 123,000 sq. ft. retail property near Philadelphia

The owner of a freestanding supermarket property outside Philadelphia has landed more than $18 million in financing, in a transaction arranged by G.S. Wilcox & Co.

Retail
Historic retail, office building in downtown Somerville trades for $2.7 million, Kislak says

A historic 45,000-square-foot commercial building in downtown Somerville has changed hands for nearly $2.7 million, according to a brokerage team with The Kislak Co. Inc.

Retail
Pierson secures listings for retail properties in Old Bridge, Montgomery

Pierson Commercial has picked up two new leasing assignments in central New Jersey, including a mixed-use project in Middlesex County and a Princeton-area shopping center.