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
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.

Professional Services
GTL: New customer, back-of-house spaces coming to Gary’s Wine & Marketplace

GTL Construction has kicked off a project that will revamp key customer and back-of-house spaces at a Gary’s Wine & Marketplace location in Bernardsville.

Retail
Bagel Nook opens in 2,000 sq. ft. space in Aberdeen, Florham Realty says

A new Bagel Nook has arrived in Aberdeen after recently leasing nearly 2,000 square feet along a key corridor, in a deal arranged by Florham Realty Group Inc.

Professional Services
Tavern, sushi restaurants with shared kitchen open in Morristown in latest Stone Creek project

Two restaurants have opened new locations in downtown Morristown, operating with a shared kitchen as part of a project completed by Stone Creek Construction Group.

Retail
Spark Car Wash inks ground lease for new location in Wayne, Goldstein Group says

Spark Car Wash has leased a 1.5-acre site in Wayne for a new location on one of the township’s main retail corridors, brokers with The Goldstein Group announced Monday.

Residential & Mixed Use
MORDEVCO breaks ground on 334-unit rental project at key site in downtown Linden

Construction is underway on a new mixed-use project that will bring 334 apartments to downtown Linden, in what will be another addition to the city’s luxury housing stock.