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
Cannabis shop coming to Route 70 in Marlton after 8,600 sq. ft. lease, Rose Commercial says

A new cannabis dispensary has leased 8,600 square feet at a freestanding retail building in the Evesham section of Marlton, in a deal arranged by Rose Commercial Real Estate.

Professional Services
LMC starts 2024 with new management clients, capping 2 million sq. ft. of recent growth

Levin Management Corp. has secured two new clients to start the year, having been tapped to manage nearly 584,000 square feet of commercial space in New Jersey and Pennsylvania.

Retail
Launch Entertainment takes 32,000 sq. ft. at Little Ferry retail center, CBRE says

An indoor family entertainment chain has leased nearly 32,000 square feet at a grocery-anchored shopping center in Little Ferry, according to a brokerage team with CBRE.

Retail
Vision sells standalone Acme property in Saddle Brook for $16 million, JLL says

Vision Real Estate Partners has sold a nearly 63,000-square-foot grocery store property in Saddle Brook for $16.1 million, brokers with JLL announced Tuesday.

Government & Public Policy
Lawmakers pass bill to spur sale, transfer of dormant liquor licenses amid other changes

State lawmakers have approved a bill that could expand the number of available liquor licenses in New Jersey — largely by targeting inactive retail licenses — in a move that would bring key changes but fall short of the broad reforms long sought by many stakeholder groups.

Retail
Card, game shop takes 2,500 sq. ft. in Flemington, BRC says

A card and game shop has leased 2,500 square feet at a Flemington retail center, brokers with Bussel Realty Corp. announced Thursday.

Retail
Retail, apartment building in downtown Summit trades for $2.9 million

A retail and apartment property in downtown Summit has changed hands for nearly $2.9 million, brokers with Cushman & Wakefield announced Tuesday.

Retail
Marcus: Site of Hillsborough preschool, daycare center fetches $3.6 million

A private investor has purchased the site of a preschool and daycare center in Hillsborough for nearly $3.6 million, brokers with Marcus & Millichap announced last week.

Retail
Dollar Tree signs anchor lease at Berlin shopping center, Vantage Commercial says

A new Dollar Tree will open in Camden County after signing on as the anchor tenant at what’s known as the Bloom Circle Shopping Center, brokers with Vantage Commercial announced.

Retail
Boniakowski closes sale of ex-Boston Market property in Morris County

The site of a shuttered Boston Market store in Roxbury has changed hands for an undisclosed price, in a newly announced deal by The Boniakowski Commercial Real Estate Group.