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
Boutique fitness chains are on the rise, providing a new source of demand for retail landlords

When it comes to fitness tenants, think smaller. That’s the mindset at shopping centers and downtown locations throughout New Jersey, as specialty fitness studios are increasingly finding favor with owners and customers.

Retail
Three tenants sign leases at new 8,200 sq. ft. retail center in Warren, CBRE says

Signature Acquisitions has leased up nearly 8,200 square feet of new retail space near Interstate 78 in Warren, in a series of transactions arranged by CBRE.

Retail
Ivy Rehab, Poke Bros coming to Hamilton Plaza in two latest LMC-brokered deals

A physical therapy chain and a poké bowl shop are coming to a grocery-anchored retail center in Hamilton, according to a leasing team with Levin Management Corp.

Retail
Nordstrom Rack takes 26,000 sq. ft. at Urban Edge power center in Manalapan

A new Nordstrom Rack is coming to Monmouth County with a newly signed, 26,000-square-foot lease at a Manalapan power center.

Retail
Urban Edge acquires new 87,000 sq. ft. retail center in Watchung for $34 million

Urban Edge Properties has acquired an 87,000-square-foot shopping center in Watchung for $34 million, completing the deal as part of a flurry of recent moves across its portfolio.

Retail
Barnes & Noble takes 14,000 sq. ft. in return to well-known Roxbury site, Goldstein Group says

Barnes & Noble is returning to a familiar retail property in Morris County after signing a lease for nearly 14,000 square feet, brokers with The Goldstein Group announced this week.

Retail
JLL: Investor buys 70,000 sq. ft. grocery-anchored shopping center in Marlboro for $16 million

First Montgomery Group has sold a grocery-anchored shopping center in Monmouth County for $15.9 million, brokers with JLL announced this week.

Government & Public Policy
EDA approves $25 million in grants for Newark, Atlantic City commercial corridors

State officials are sending more than $25 million in grant funds to support 13 businesses and commercial projects in the downtowns of Newark and Atlantic City.

Retail
Single-tenant retail property in downtown Westfield trades for $4.7 million, Marcus says

A local investor has acquired a nearly 36,000-square-foot retail property in downtown Westfield for $4.7 million, brokers with Marcus & Millichap announced Monday.

Finance & Capital Markets
G.S. Wilcox arranges $7 million refi for Union shopping center owner

The owner of a nearly 40,000-square-foot shopping center in Union Township has refinanced the property for $7 million, in a newly announced deal by G.S. Wilcox & Co.