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.

People
Recine joins Accordia as principal, in development firm’s latest high-profile addition

Frank Recine, a prominent broker who spent a combined 20 years with JLL and Newmark’s New Jersey teams, has joined Fairfield-based Accordia as a principal.

Retail
Salon suites business leases 8,600 sq. ft. in Pequannock, Goldstein Group says

A salon suites business has taken nearly 8,600 square feet at a Route 23 shopping center in Pequannock, brokers with The Goldstein Group announced Monday.

Residential & Mixed Use
Kushner breaks ground on $500 million redevelopment of Monmouth Mall, eyeing 1,000 new rentals and open-air community hub

Kushner has broken ground on its long-awaited, closely watched redevelopment of the Monmouth Mall property in Eatontown, where plans call for 1,000 new apartments, a sweeping overhaul of the existing retail and an infusion of new public spaces for the community.

Retail
LeFrak bringing new shops, restaurants to Newport after 27,000 sq. ft. in leasing deals

Several new retail and restaurant tenants are coming to LeFrak’s waterfront Newport district in Jersey City after a series of leases dating to last year.

Retail
Health, beauty chain coming to 15,000 sq. ft. former grocery store in Camden, WCRE says

A local operator has acquired a nearly 15,000-square-foot grocery store property in Camden, brokers with Wolf Commercial Real Estate announced Friday.

Residential & Mixed Use
Kushner breaks ground on $500 million redevelopment of Monmouth Mall, eyeing 1,000 new rentals and open-air community hub

Kushner has broken ground on its long-awaited, closely watched redevelopment of the Monmouth Mall property in Eatontown, where plans call for 1,000 new apartments, a sweeping overhaul of the existing retail and an infusion of new public spaces for the community.

Retail
Urban Edge acquires new-look 448,000 sq. ft. retail center in Roxbury for $83 million

Urban Edge Properties has acquired a newly redeveloped, 448,000-square-foot shopping center in Morris County for $83 million, the real estate investment trust announced this week.

Retail
Investor buys 26,000 sq. ft., QuickChek-anchored shopping center in Sayreville for $7.2 million

A private investor has purchased a nearly 26,000-square-foot shopping center in Sayreville for some $7.2 million, in a newly announced deal by Marcus & Millichap.

Retail
Chase adds 3,600 sq. ft. building in Waldwick for new branch location, NAI Hanson says

A new Chase branch is coming to Waldwick after the bank’s acquisition of a 3,600-square-foot retail building in the borough, according to a team with NAI James E. Hanson.

Top News
The health care effect: Inside the deal for Hackensack Meridian’s new hub at Metropark — and what it says about the industry’s role in commercial real estate

Plans for a high-profile Hackensack Meridian Health facility in Woodbridge are only 18 months in the making. Yet it was the product of relationships that had formed years earlier at the upper levels of New Jersey’s real estate and health care sectors, helping to make good on years of planning by state and local officials to activate the Metropark train station.