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.

Professional Services
Tokarski Millemann picked to design three-building, 34,000 sq. ft. retail project in Jackson

The developer of what would be more than 30,000 square feet of new retail space in Jackson has tapped Tokarski Millemann Architects for the project.

Retail
BRC: Walk-in pet clinic takes 1,000 sq. ft. in Paramus

A growing pet wellness franchise has leased 1,000 square feet of retail space in Paramus, brokers with Bussel Realty Corp. announced Monday.

Retail
LMC survey: Brick-and-mortar retailers see continued momentum, expansion in 2023

Brick-and-mortar retailers are largely optimistic about their prospects this year, according to an annual survey by Levin Management Corp., amid easing concerns about labor shortages and momentum built during a strong 2022.

Retail
MSC: Developer sells 10,000 sq. ft., net-leased daycare building in Cinnaminson

A developer has sold the site of a net-leased daycare facility along Route 130 in Burlington County, brokers with MSC Retail Inc. announced Thursday.

Health Care & Education
EDA approves $271 million tax credit for massive health, life sciences campus in New Brunswick

The state has approved a $271 million tax credit for a plan to build more than 570,000 square feet of research and academic space in downtown New Brunswick, including a new home for the state’s flagship medical school and facilities for startups and entrepreneurs.

Retail
Marcus: Investor buys 138,000 sq. ft., grocery-anchored center in Vineland for $19 million

An investor has sold a grocery-anchored shopping center in Vineland for $19.3 million, in a newly announced deal by Marcus & Millichap.

Finance & Capital Markets
JLL: Levin Properties refis ShopRite-anchored center in Woodbridge for $43 million

The owner of a ShopRite-anchored retail center in Woodbridge has refinanced the property for more than $43 million, according to a debt placement team with JLL.

People
Bazzani joins JDA Group as development, investment manager

JDA Group LLC has named a new development and investment manager, hiring a former member of Duke Realty Corp.’s New Jersey team to help support its growth.

Retail
Unity Bank debuts 1,900 sq. ft. Fort Lee branch

Unity Bank has opened its 20th branch with a new full-service location in Fort Lee, increasing its service footprint and boosting its retail presence in Bergen County.

Retail
Convenience store takes 3,300 sq. ft. in Middlesex, Boniakowski says

A convenience store operator has leased a 3,250-square-foot, freestanding building in Middlesex Borough, in a deal arranged by The Boniakowski Commercial Real Estate Group.