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
Net-leased daycare center property in Parsippany sells for $4.3 million, Marcus says

A private investor has purchased the site of a net-leased daycare center in Parsippany for $4.3 million, brokers with Marcus & Millichap announced last week.

Professional Services
LMC hires Oliver, seasoned real estate accounting executive, as CFO

Levin Management Corp. has appointed Jeanette Oliver as chief financial officer, adding another highly accomplished and experienced professional to its executive team.

Retail
Bergman adds 2,500 sq. ft. drive-thru tenant at Cherry Hill shopping center, WCRE says

Bergman Real Estate Group has lured a new tenant to a shopping center in Cherry Hill, in a newly announced deal by Wolf Commercial Real Estate.

Retail
JLL: IVX Health adding six locations in New Jersey with 14,000 sq. ft. in new leases

A fast-growing network of infusion clinics is expanding in New Jersey with six newly signed retail leases throughout the state, in a series of deals arranged by JLL.

Retail
High-end 147,000 sq. ft. North Brunswick retail center on the market for sale, JLL says

The owner of The Shoppes at North Brunswick on Route 1 is seeking a buyer for the nearly 147,000-square-foot upscale retail property, brokers with JLL announced this week.

Food & Beverage
Li’s Hot Pot & BBQ takes 7,000 sq. ft. at ex-diner location in Little Falls, Goldstein Group says

A new hot pot restaurant has opened in Little Falls, where it leases 7,000 square feet under a recent deal arranged by The Goldstein Group.

Retail
LMC: Arrival of new ShopRite advances major overhaul of Blue Star Shopping Center

Village Super Market Inc. has opened a new ShopRite at Blue Star Shopping Center in Watchung, delivering the centerpiece of a plan to update and expand the landmark property.

Finance & Capital Markets
Owner of 108,000 sq. ft. Chatham retail center secures $8.5 million loan, Cronheim says

A local operator has closed on $8.5 million in financing for a grocery-anchored shopping center in Chatham, in a newly announced transaction by Cronheim Mortgage.

Professional Services
Veteran broker Pollack joins RIPCO as managing director

Investment sales broker Seth Pollack has joined RIPCO Real Estate, bringing more than three decades of experience to the firm’s New Jersey team.

People
Former Mandelbaum, DeCotiis attorney Migliorelli joins Sanzari as V.P. and general counsel

Alfred Sanzari Enterprises has added longtime commercial real estate attorney Robert Migliorelli as vice president and general counsel, the Hackensack-based firm announced.