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
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.

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.