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
Spenga Fitness adds 4,000 sq. ft. New Jersey location with new lease in Montvale

A fitness franchise has expanded to New Jersey after taking 4,000 square feet in Montvale, according to a brokerage team with The Goldstein Group.

Health Care & Education
Dental practice takes 2,400 sq. ft. at Renaissance Properties’ mixed-use project in Chesterfield

A dental practice has found a new home in Chesterfield after signing a lease with Renaissance Properties, the developer of the 500-acre mixed-use property known as Old York Village.

Retail
KPOT Korean BBQ & Hot Pot takes 12,000 sq. ft. at Woodbridge retail center, LMC says

KPOT Korean BBQ & Hot Pot has leased 12,300 square feet at St. Georges Crossing, a grocery-anchored retail center in Woodbridge, according to a team with Levin Management Corp.

Retail
Art school, learning center combine for 4,800 sq. ft. at Larken’s Hillsborough Village Center

Larken Associates has announced two leases that will bring an art school and a learning center to Hillsborough Village Center, its new mixed-use development off Route 206.

Retail
Marcus: Investment group sells 21,000 sq. ft. Somerville retail center for $3.5 million

An investment firm has sold a nearly 21,000-square-foot retail property in Somerville for more than $3.5 million, brokers with Marcus & Millichap announced Tuesday.

Retail
Urban Edge inks 2,300 sq. ft. lease to bring Dave’s Hot Chicken to Kearny

Dave’s Hot Chicken has picked Kearny for its second New Jersey location after agreeing to a lease with Urban Edge Properties.

Retail
JLL: Investor seeking buyer for repositioned 378,000 sq. ft. power center in Morris County

A major retail center in Morris County is on the market for sale after last changing hands in 2021 and a series of upgrades aimed at repositioning the property, brokers with JLL said.

Retail
Just Salad expands in New Jersey with 2,300 sq. ft. lease in Paramus, Goldstein Group says

Fast casual chain Just Salad has found a new location on Route 17 after taking more than 2,300 square feet in Paramus, brokers with The Goldstein Group announced Monday.

Retail
LMC survey: Retailers show measured optimism, expect modest growth this holiday season

Retailers are cautiously optimistic about this year’s holiday shopping season, with many expecting modest growth and that sales would peak before Thanksgiving and Black Friday.

Professional Services
CBRE adds retail specialists Munley, Behr to capital markets team

Veteran brokers Chris Munley and Colin Behr have joined CBRE to focus on sales of open-air, multitenant retail properties throughout the Mid-Atlantic and Northeast regions.