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.

Residential & Mixed Use
PREIT inks sale of Moorestown Mall parcel slated for 375 apartments

Moorestown Mall owner PREIT has completed its sale of two key parcels at the site, including one that’s slated for 375 apartments as part of an ongoing redevelopment plan.

Industrial
Newark warehouse deal among five recent leases, sales by Newmark Associates

An industrial linen business has leased a 12,000-square-foot warehouse in Newark, in one of several newly announced transactions by Newmark Associates CRE.

Retail
Infrared fitness studio coming to Livingston Town Center after leasing 2,000 sq. ft.

A fast-growing fitness franchise has leased more than 2,000 square feet at the mixed-use Livingston Town Center property, according to a team with Azarian Realty Co.

Retail
Queens-based pizza chain signs lease in Marlton, Vantage Commercial says

A pizza chain is expanding to southern New Jersey after leasing space at a Burlington County shopping center, under a deal arranged by Vantage Commercial.

Professional Services
Cafiero-led team looks to continue pace as Marcus & Millichap’s top N.J. brokerage unit

Marcus & Millichap’s top investment sales team in New Jersey is seeking continued momentum, following a banner year in 2021 and a strong first half of 2022, with a focus on triple-net-lease and multitenant retail deals and the industrial and office sectors.

Retail
Owner of 700,000 sq. ft. shopping center, net-leased portfolio taps LMC for new assignment

Levin Management Corp. has secured a new assignment to oversee a sprawling portfolio of shopping centers and net-leased property in and around New Jersey.

Retail
AFC signs three leases in New Jersey, amid flurry of moves by urgent care tenants

AFC Urgent Care is expanding in New Jersey after signing three leases totaling more than 9,000 square feet, in a series of newly announced transactions by The Goldstein Group.

Retail
Larken signs retail leases in Lawrenceville with Taekwondo studio, microbrewery

A martial arts studio and a microbrewery have taken space at a Mercer County retail center, bringing the nearly 27,000-square-foot property to full occupancy.

Retail
Two new tenants lease space at 42,000 sq. ft. Bridgewater shopping center

Two retail tenants have combined to lease more than 2,100 square feet at a Bridgewater shopping center, under a set of deals arranged by NAI James E. Hanson.

Government & Public Policy
Fulop expects nimble approach to development in Jersey City, with major projects still to come

Jersey City is still in the earliest stages of its well-chronicled renaissance, the city’s mayor said Thursday, while projecting a nimble approach to development in the face of economic headwinds and a continued focus on lesser-known neighborhoods outside the downtown.