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.

LMC: Jeweler takes 1,200 sq. ft. in Manasquan for second Jersey Shore location

A local jeweler is expanding at the Jersey Shore with the completion of a new 1,200-square-foot lease in Manasquan, in a newly announced deal by Levin Management Corp.

URW taps Mill Creek in plan for 550 rentals, public space at Garden State Plaza

The owner of Westfield Garden State Plaza in Paramus has tapped Mill Creek Residential for a plan to build 550 luxury apartments around the mall, as it looks to create a series of public green spaces and a Main Street to help integrate the newest components.

Red Bank site with commercial space, parking lot trades for $4.8 million, C&W says

A local owner has reaped nearly $5 million from its sale of a mixed-use property in downtown Red Bank, brokers with Cushman & Wakefield said Monday.

PREIT inks leases to bring apparel companies, seafood restaurant to Cherry Hill Mall

Levi’s has signed a lease for a new store at the Cherry Hill Mall, in one of three newly announced tenant commitments by the owner of the Route 38 property.

R.J. Brunelli: Asian Food Market takes 27,000 sq. ft. for new East Brunswick store

A new Asian Food Market is coming to a 100,000-square-foot retail property in East Brunswick, in a newly announced deal by R.J. Brunelli & Co. LLC.

Home remodeler takes 1,600 sq. ft. at New Providence office building, NAI Hanson says

A remodeling and custom home building firm has leased more than 1,600 square feet of office space in New Providence, in a newly announced deal by NAI James E. Hanson.

FNRP names Tobiasz as president of expanded, rebranded construction business

First National Realty Partners LLC has tapped a real estate and construction industry veteran to lead a newly branded and expanded division that will serve its own projects and third-party clients.

Bolstering the ranks

As you’ll read in this month’s cover story, Prologis’ growing team is supporting a portfolio that now spans 44 million square feet across 200 properties in New Jersey and New York. Growing that footprint will come in a number of ways, Harty said, including the types of creative, value-add projects that involve redeveloping former office campuses. That, in turn, requires additional development and construction personnel like the kind that Prologis has added in recent months. And it comes as the company also hires for what’s known as its Essentials platform, which provides services to tenants such as helping them source materials for their building fit-outs, in a bid to engage them “beyond the four walls and the real estate.”

Adoni sells 42,000 sq. ft. Somerset retail center for $13 million, C&W says

Adoni Property Group has sold a retail center in the Somerset section of Franklin for nearly $13 million, brokers with Cushman & Wakefield announced Tuesday.

Office, retail building changes hands in Paramus, NAI Hanson says

An investor has purchased a 3,800-square-foot commercial property on Route 17 in Paramus, in a newly announced transaction by NAI James E. Hanson.