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
Edison shopping center with grocery anchor space sold for $24 million, Goldstein Group says

The site of a 120,000-square-foot shopping center in Edison has changed hands for $24 million, in a newly announced deal by The Goldstein Group.

Retail
Urban Edge, TruGolf ink 6,000 sq. ft. deal for new golf simulator, restaurant in Cherry Hill

Urban Edge Properties has signed a deal that will bring an indoor golf simulator and high-end restaurant concept to a grocery-anchored retail center in Cherry Hill.

Retail
Net-leased Mavis Discount Tire property trades for $3.49 million, Marcus says

A private investor has acquired a nearly 6,900-square-foot retail property in Toms River for some $3.5 million, brokers with Marcus & Millichap announced Monday.

Retail
Longtime retail leasing, development executive Casiero joins Bennett Realty

Bennett Realty & Development has hired Dan Casiero as vice president of leasing and redevelopment, the Holmdel-based firm announced Thursday.

Retail
Institutional buyer adds Bucks County retail property in $12 million deal, CBRE says

An investment firm has acquired a 25,000-square-foot retail property about 15 miles west of New Jersey, in Pennsylvania’s Bucks County, under a deal arranged by CBRE.

Hospitality & Tourism
Development group crafting plans for Freehold Raceway after acquiring iconic horse track

A development group has acquired the historic Freehold Raceway property, marking a first step toward repurposing the horseracing track after it succumbed to years of declining business.

Retail
Nothing Bundt Cakes takes 1,800 sq. ft. at Flemington Marketplace, LMC says

Nothing Bundt Cakes is coming to a 239,000-square-foot shopping center in Flemington, adding to its footprint in New Jersey and a vast portfolio of stores in North America.

Retail
CPN: Jazzercize owner inks 1,300 sq. ft. lease in Pennington

A local Jazzercize business has taken nearly 1,300 square feet at a Mercer County commercial complex, in a newly announced deal by Commercial Property Network Inc.

Retail
CBRE: Goldman Sachs unit sells 111,000 sq. ft. Newark retail center for $38 million

An affiliate of Goldman Sachs has sold a well-known, grocery-anchored retail property in Newark for $37.5 million, brokers with CBRE announced Tuesday.

Finance & Capital Markets
Kennedy Funding closes $8 million in land loans in two countries in 14 days

Kennedy Funding has closed four land loans totaling more than $8 million in recent weeks, including three outside its home state of New Jersey and a fourth in South America.