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.

Policy Page
Turning early optimism into action

Gov. Mikie Sherrill took office with a clear mandate from New Jersey voters: make the state more affordable, more efficient and more competitive. For the commercial real estate (CRE) industry, that message matters because growth does not happen in a vacuum. It relies heavily on public policy that allows projects to move forward, capital to be deployed with confidence and employers to expand in places where workers can live, commute and thrive.

Retail
Investor buys fully leased Mount Holly strip center in $2.8 million deal by Kislak

A private investor has purchased a nearly 10,000-square-foot strip center in Burlington County for $2.8 million, according to a listing team with The Kislak Co. Inc.

Retail
Readington garden center sells Route 22 property for $3.2 million, Deluccia says

The owners of a well-known garden center in Readington have sold a nearby commercial property for $3.2 million, in a newly announced deal by Deluccia Commercial Group.

Professional Services
RIPCO opens Red Bank office, eyeing continued growth in Central Jersey

RIPCO Real Estate has expanded to central New Jersey with the opening of a new office in Red Bank, a move aimed at supporting its ongoing growth in the region.

Retail
Azarian: Stretch Zone leases 1,500 sq. ft. to expand fitness lineup at Livingston Town Center

A new fitness user is coming to Livingston Town Center after taking more than 1,500 square feet at the two-story shopping center, according to a leasing team with Azarian Realty Co.

Professional Services
Newmark Associates bolsters brokerage team, adds Papasso as senior vice president

Newmark Associates has welcomed veteran broker Fred Papasso as a senior vice president and member of its leadership team.

Retail
RIPCO: Paramount, Cayre land new anchor leases to help reposition Toms River retail center

The owners of a Toms River shopping center have secured leases with Sprouts Farmers Market and Boot Barn, adding two anchor tenants to help advance a substantial update of the site.

Deals
Boutique apartment, commercial property in Long Hill sold for $915,000, Deluccia says

A mixed-use building in Long Hill Township has traded for $915,000, in a newly announced transaction by Deluccia Commercial Group.

Retail
Crossroads, Wafra buy grocery-anchored center in Ramsey in partnership arranged by CBRE

A joint venture has acquired a nearly 349,000-square-foot retail property in Bergen County, completing the deal under an equity partnership arranged by CBRE.

Professional Services
Levin Management touts ‘legacy of continuity’ as co-founder William Farber marks 55-year milestone

Levin Management Corp. is celebrating its chairman, William A. Farber, marking 55 years since he joined the Levin organization before co-founding the affiliated real estate services firm.