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
LMC: Planet Fitness inks leases for new Watchung, Middlesex locations

Planet Fitness is expanding in central New Jersey with newly signed leases in Watchung and Middlesex Borough, in a set of deals arranged by Levin Management Corp.

Retail
Marcus: Fully leased 18,000 sq. ft. strip center in North Bergen trades for $6.4 million

A local private investor has purchased a retail center in North Bergen for $6.415 million, brokers with Marcus & Millichap announced Monday.

Deals
Pompton Plains, Paramus retail properties trade in deals arranged by Goldstein Group

By Joshua Burd The longtime owner of a 30,000-square-foot strip center in Pompton Plains has sold the property, in one of two newly announced deals by The Goldstein Group. The buyer, Prime Equity, paid an undisclosed price for Fireside Plaza…

Retail
LMC: Retailers expect solid holiday sales, eyeing new ways to attract inflation-weary shoppers

A healthy consumer is fueling measured optimism among brick-and-mortar retailers as they prepare for the holiday shopping season to begin in earnest.

Retail
Florist takes 1,600 sq. ft. at Green Brook retail property, Deluccia says

A flower shop has leased 1,600 square feet at a Route 22 retail center in Green Brook, according to a brokerage team with Deluccia Commercial Group.

Retail
CBRE: MetLife sells 103,000 sq. ft. grocery-anchored center in Philadelphia suburb

MetLife Investment Management has sold a more than 103,000-square-foot retail center outside Philadelphia, in a newly announced deal by CBRE.

Retail
LMC: Target takes 76,000 sq. ft. in Flemington with upgrades coming to key shopping center

Target is coming to Flemington after signing an anchor lease at a 239,000-square-foot shopping center on Route 202, in a newly announced deal by Levin Management Corp.

Food & Beverage
Mabel, coastal European-themed eatery, opens as Bell Works’ first full-service restaurant

The first full-service restaurant at Bell Works has opened its doors at the 2 million-square-foot property, bringing another amenity to its many tenants and residents in and around Holmdel.

Retail
Progress Realty buys 385,000 sq. ft. Sam’s Club-anchored center near Buffalo for $43 million

Progress Realty Partners has acquired a 385,000-square-foot retail center outside Buffalo, New York, as it looks to build its portfolio in growing markets outside New Jersey.

Retail
Blackstone buys majority stake in Jersey’s Mikes in deal reportedly worth $8 billion

Blackstone is acquiring a majority stake in Jersey Mike’s Subs, reportedly for some $8 billion, in a move aimed at continuing the Manasquan-based sandwich chain’s rapid growth.