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
Valley Bank takes 2,800 sq. ft. in Norwood for new branch location, Goldstein Group says

Valley Bank is expanding in Bergen County after leasing 2,800 square feet for a new branch in Norwood, brokers with The Goldstein Group announced Monday.

Retail
Mixed-use building in Scotch Plains trades after renovation, Boniakowski says

A tenant at a newly renovated mixed-use building in Scotch Plains has acquired the property, according to The Boniakowski Commercial Real Estate Group.

Residential & Mixed Use
Clinton apartment, retail property trades for $1 million, Kislak says

A private investor has acquired a nearly 5,200-square-foot apartment and retail property in Hunterdon County for $1.05 million, in a deal arranged by The Kislak Co. Inc.

Retail
LMC: America’s Best leases 3,600 sq. ft. at Capitol Plaza in Ewing

America’s Best Contacts & Eyeglasses has taken 3,600 square feet at a community shopping center in Mercer County, according to a leasing team with Levin Management Corp.

Retail
Goldfish Swim School leases 10,000 sq. ft. for new Edison location, Pierson says

Goldfish Swim School has added a new location in New Jersey after taking more than 10,000 square feet along Route 1 in Edison, in a newly announced deal by Pierson Commercial.

People
Larken promotes Nascimento to executive vice president of marketing

Larken Associates has promoted Melissa Nascimento to executive vice president of marketing, recognizing her work during more than 20 years with the Branchburg-based firm.

Retail
NAI Hanson brokers sale of 3,500 sq. ft. auto repair center in Hackensack

A private investor has acquired a 3,500-square-foot full-service auto repair facility in Hackensack, brokers with NAI James E. Hanson announced last week.

Finance & Capital Markets
Cronheim: Owner of East Windsor, Garwood shopping centers lands $17.5 million in financing

The owner of two shopping centers in Mercer and Union counties has secured $17.5 million in financing for the grocery-anchored properties, brokers with Cronheim Mortgage announced.

Retail
Prism inks leases with Club Pilates, JAG Physical Therapy at Rutherford retail space

Prism Capital Partners has announced two new leases that will bring health and wellness tenants to a mixed-use building in Rutherford.

Professional Services
Levy, Halpern join Bennett Realty & Development’s growing retail platform

Bennett Realty & Development has added Howard Levy and Benjamin Halpern to its team of brokers focused on shopping centers and single-tenant, net-leased assets.