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.

Finance & Capital Markets
BankUnited inks $50 million in loans for KPR shopping center deals in Voorhees, Monroe

BankUnited Inc. has closed on two loans totaling nearly $50 million to allow KPR Centers to acquire a New Jersey shopping center and refinance a second in the borrower’s portfolio.

Retail
Yada Properties inks new leases in Whitehouse Station with hair salon, café

Yada Properties is welcoming two new retail tenants to a mixed-use property in Readington after a set of leases totaling nearly 6,600 square feet.

Retail
LMC welcomes DXL Big + Tall to Somerville Circle Shopping Center in Raritan

DXL Big + Tall has opened its doors at the busy Somerville Circle Shopping Center in Raritan Borough, where it occupies more than 6,100 square feet under a lease arranged last fall.

Retail
Yada Properties inks new leases in Whitehouse Station with hair salon, cafe

Yada Properties is welcoming two new tenants at a Readington retail center after a set of leases totaling nearly 6,600 square feet.

Deals
Downtown Morristown development site trades for $4.9 million, Marcus says

A local private investor has acquired a development site in downtown Morristown for $4.9 million, brokers with Marcus & Millichap announced Monday.

Retail
South Jersey, Berks County retail properties trade for $14.7 million in recent deals by CBRE

An institutional investor has acquired three triple-net-leased retail properties in suburban Philadelphia, including two in Voorhees, in a series of deals arranged by CBRE.

Retail
LMC: Tenant wanted for 2,500 sq. ft. former bank building in Hamilton

The owner of a vacant bank building in Hamilton has tapped Levin Management Corp. to market the property for lease, the real estate services firm announced Thursday.

Residential & Mixed Use
Developer eyes 1,000 apartments, retail space in new plan for historic Orange hospital site

A developer has secured a key local approval for a project that would bring more than 1,000 apartments and commercial space to the long-shuttered Orange Memorial Hospital property.

People
Denholtz adds former Kushner, Related executive McCool as head of capital markets

Denholtz has hired Jennifer McCool as executive vice president and head of capital markets, in another key addition to the company’s senior leadership team.

Retail
Katz: One Medical takes 4,000 sq. ft. at Whole Foods-anchored center in Edgewater

A medical practice is coming to a waterfront retail property in Edgewater after agreeing to lease more than 4,000 square feet, in a newly announced deal by Katz & Associates.