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
Onyx, PCCP sell 219,000 sq. ft. Plainsboro retail center for $42 million

Onyx Equities and PCCP LLC have sold a Princeton-area shopping center, reportedly for some $42 million, following a major upgrade nearly a decade ago that helped boost occupancy at the nearly 219,000-square-foot property.

Retail
Onyx, PCCP sell 219,000 sq. ft. Plainsboro retail center for $42 million

Onyx Equities and PCCP LLC have sold a Princeton-area shopping center, reportedly for some $42 million, following a major upgrade nearly a decade ago that helped boost occupancy at the nearly 219,000-square-foot property.

Retail
Pierson Commercial promotes Mackowski to director

Pierson Commercial has promoted Robert Mackowski to the role of director with the retail-focused brokerage and advisory firm.

Retail
Fennelly: Sandwich, wing shop takes 1,300 sq. ft. at Briarwood Shopping Village in Hamilton

A sandwich and wing restaurant is expanding in the region after leasing nearly 1,300 square feet in Hamilton, in a newly announced deal by Fennelly Associates.

Retail
Norman’s Hallmark relocates in Ocean Township, debuts 6,400 sq. ft. store on Route 66

Norman’s Hallmark has opened a new full-format store in Ocean Township, where it leases 6,400 square feet at a shopping center on Route 66.

Retail
Somerset, Monmouth county shopping centers fully leased after LMC-brokered deals

A furniture store has taken nearly 5,800 square feet at a neighborhood shopping center in Franklin Township, in one of two newly announced leases by Levin Management Corp.

Professional Services
Bennett Realty adds gas station, convenience store veteran Albanese

Jeffrey Albanese, a veteran of the gas station and convenience store industry, has joined Bennett Realty & Development as a director, in the latest addition to the Holmdel-based team.

Residential & Mixed Use
High-end convenience store, wine shop coming to Fantin’s Overlook Flats in Jersey City

The owner of a 297-unit luxury apartment building in Jersey City has secured two retail tenants at the property, inking new leases with a high-end convenience store and a wine shop.

Retail
Shoppes at Flemington trades for $6.25 million, Marcus & Millichap says

An investor has purchased a nearly 131,000-square-foot retail center in Flemington for $6.25 million, in a newly announced deal by Marcus & Millichap.

Residential & Mixed Use
Kushner breaks ground on 299 apartments, supermarket in key gateway project for downtown Long Branch

Kushner is set to begin construction on a project that will bring nearly 300 new apartments and a supermarket to Long Branch, helping to jumpstart the long-awaited development of a neighborhood just west of the city’s booming waterfront.