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.

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.

Retail
NAI Hanson: UPS Store coming to Bridgewater retail center after 1,800 sq. ft. lease

The UPS Store has taken more than 1,800 square feet at a Bridgewater shopping center, in a newly announced deal by NAI James E. Hanson.

Deals
Hunterdon County retail, office building trades for $1.3 million, Kislak says

A private investor has added a 16,000-square-foot retail and office building in Hunterdon County, in a newly announced deal by Kislak Commercial Real Estate Services Inc.

Retail
Marcus: Value-add investor buys 43,000 sq. ft. Hamilton retail center for $8.3 million

A private investor has purchased a nearly 43,000-square-foot retail property in Hamilton for more than $8.3 million, in a newly announced deal by Marcus & Millichap.

Food & Beverage
Pierson Commercial named agent for restaurant, liquor license in downtown South Orange

The owner of a restaurant and liquor license in downtown South Orange has tapped Pierson Commercial to market the property for sale or lease.