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.

Finance & Capital Markets
NAIDB: Morris, Middlesex counties shine in subdued capital markets environment

In a somewhat muted environment for commercial real estate investment, Morris and Middlesex counties were two bright spots in New Jersey in the second half of 2023.

Retail
Urban Edge leases 27,000 sq. ft. to Lidl for new store at Totowa power center

A new Lidl store is coming to Passaic County after leasing more than 27,000 square feet at Urban Edge Properties’ Totowa Commons complex on Route 46.

Top News
Larken Associates touts 943,000 sq. ft. in new commercial leases, renewals in 2023

Larken Associates has started 2024 with near full occupancy after a year in which it completed more than 420 commercial real estate transactions comprising nearly 943,000 square feet.

Retail
Bennett Realty & Development hires Lenaz as retail leasing specialist

Longtime retail broker Bill Lenaz has joined Bennett Realty & Development, marking the latest addition to the Holmdel-based firm’s fast-growing team.

Retail
LMC inks 1,300 sq. ft. deal to bring martial arts studio to Long Island shopping center

A martial arts studio has leased more than 1,300 square feet at a shopping center in New York’s Suffolk County, in a deal arranged by Levin Management Corp.

Retail
Upscale bowling, bocce concept Pinstripes set to open new 31,000 sq. ft. location at Garden State Plaza — its first in New Jersey

The newest experiential dining concept at Westfield Garden State Plaza in Paramus is just over two weeks from its long-awaited debut at the property.

Retail
FRT, Crate & Barrel Outlet ink 23,000 sq. ft. lease in Lawrenceville

Crate & Barrel Outlet has secured a new space in Lawrenceville after agreeing to lease more than 23,000 square feet from Federal Realty Investment Trust, brokers with JLL announced.

Residential & Mixed Use
Cervelli: Six-unit Jersey City building with apartments, commercial space fetches $850,000

A private investor has acquired a mixed-use property in Jersey City for $850,000, in a newly announced deal by Cervelli Real Estate & Property Management.

Retail
Fairfield-based Vita & Vita tapped to manage Mid-Atlantic, Southeast shopping centers

Vita & Vita Realty Corp. has expanded its management footprint with new assignments at shopping centers in Maryland, Virginia and North Carolina, the Fairfield-based firm announced.

Retail
TFE, Pierson tout debut of Starbucks in Monroe, a first for Middlesex County township

Monroe Township has welcomed its first Starbucks with the opening of a new drive-thru location late last year, according to the property’s landlord and its brokerage team.