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
Kennedy Funding closes $4.2 million land loan to major flower distributor in Ecuador

Kennedy Funding has expanded to Ecuador with a newly closed, $4.15 million land loan to a family-owned flower distributor just south of the country’s capital.

Retail
Fleet Feet inks five-year, 2,300 sq. ft. lease in downtown Somerville, Deluccia says

Running shoe store Fleet Feet has taken 2,300 square feet of retail space in downtown Somerville, in a deal arranged by Deluccia Commercial Group.

Retail
Sanzari fills 4,200 sq. ft. at Hackensack retail center with new liquor store lease

A new wine and liquor store is coming to Alfred Sanzari Enterprises’ Summit Plaza in Hackensack after committing to more than 4,200 square feet at the property.

Retail
Heidenberg-led JV acquires grocery-anchored center at Paramus Park Mall for $38 million

An investment group has acquired a more than 181,000-square-foot retail asset alongside the Paramus Park Mall and near the crossroads of Route 17 and the Garden State Parkway.

Residential & Mixed Use
JLL: Russo, KRE close on Bergen Town Center parcel for 426-unit apartment project

Urban Edge Properties has completed its sale of a parcel at Bergen Town Center in Paramus, paving the way for a new 426-unit multifamily project by Russo Development and KRE Group.

Retail
Office space at The Park nearly full, as Connell taps leasing agent for campus’ retail space

The Connell Co. has named a leasing team for the growing retail component at The Park, its flagship campus in Berkeley Heights, having all but leased up the property’s 1.5 million square feet of office space.

Retail
Goldstein Group: Strand Salon Studios takes 4,200 sq. ft. at Hoboken’s Hudson Tea building

A salon studio chain has expanded to Hoboken with a newly completed lease for more than 4,200 square feet, brokers with The Goldstein Group announced Monday.

Food & Beverage
Private buyer acquires West Caldwell’s Brook Tap House, KenKap says

A restaurant property in West Caldwell has changed hands for an undisclosed price, in a newly announced transaction by KenKap Realty Corp.

Retail
Cushman touts sales of six bank branches in northern, central N.J. in deals totaling $5.7 million

Six vacant bank branches in New Jersey have changed hands after a series of deals totaling more than $5.7 million, brokers with Cushman & Wakefield announced Friday.

Retail
Boot Barn leases 14,000 sq. ft. in Bridgewater for first Somerset County location, LMC says

Boot Barn has found its first location in Somerset County after taking space at a Bridgewater retail property, according to a leasing team with Levin Management Corp.