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
Leases by cannabis, ice cream shops among newest New Jersey deals by Zoltek

A new cannabis dispensary is coming to Hudson County after a lease in Jersey City’s Heights section, in one of several recent deals by Zoltek Commercial Real Estate Services.

Retail
Onyx-led team sells repositioned 190,000 sq. ft. shopping center in Hazlet for $44 million

An affiliate of Onyx Equities has sold a 190,000-square-foot shopping center in Hazlet for $44 million, nearly a decade after acquiring and embarking on a series of updates to the property.

Retail
RIPCO inks $2.3 million sale of Citizens branch in Hillside, lists another in New Providence

A private investor has purchased the site of a Citizens Bank branch in Hillside for more than $2.3 million, in a newly announced deal by RIPCO Real Estate.

Retail
LMC: E-tailer Williamspace Furniture takes 4,400 sq. ft. in Hamilton for first physical store

Ecommerce brand Williamspace Furniture is opening its first brick-and-mortar location with a new lease at a Hamilton shopping center, in a deal secured by Levin Management Corp.

Finance & Capital Markets
NRDC snags $31 million loan for 358,000 sq. ft. Burlington retail center, Cronheim says

The owner of a 358,000-square-foot, Walmart-anchored shopping center in Burlington has closed on $31 million in financing for the property, in a deal arranged by Cronheim Mortgage.

Retail
Goldstein Group: Busy 47,000 sq. ft. retail center in Fort Lee trades for $37 million

An investor has acquired a 47,000-square-foot retail property in downtown Fort Lee for $37 million, in a deal arranged by Booth Street Realty and The Goldstein Group.

Retail
Kislak: Brooks Brothers coming to downtown Red Bank with new 5,300 sq. ft. lease

Brooks Brothers has leased nearly 5,300 square feet for a new store in downtown Red Bank, in a newly announced deal by Kislak Commercial Real Estate Services Inc.

Professional Services
NAIDB promotes standout broker Shein to executive vice president

NAI DiLeo-Bram & Co. has promoted Marc Shein, a leading producer at the commercial real estate brokerage firm, to executive vice president.

Events
Jersey City Summit expecting packed house (and program) as event marks 10th anniversary

The annual Jersey City Summit will mark a milestone next month when it returns to the iconic Harborside campus, where it’s expected to draw nearly 1,300 attendees for one of the state’s largest gatherings for commercial real estate.

Professional Services
Levin promotes Ciaravino to director of operations

Levin Management Corp. has elevated Denise Ciaravino to director of operations, citing her leadership and longstanding contributions to the firm’s property management department.