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
Marcus: West New York retail, office property sells for $9.5 million in first-ever trade of 38-year-old center

The longtime owner of a more than 27,000-square-foot commercial property in West New York has sold the asset for $9.5 million, brokers with Marcus & Millichap said Tuesday.

Retail
East Orange project lands Burlington, Five Below amid 75,000 sq. ft. of new retail leasing

Retailers are flocking to The Crossings at Brick Church Station in East Orange, accounting for nearly 75,000 square feet of leasing activity at the transformative mixed-use project.

Events
See photos from NAIOP NJ gala as sold-out crowd celebrates Deals of the Year, industry leaders

NAIOP New Jersey’s annual Commercial Real Estate Awards Gala drew a sold-out crowd last week for a night of networking and a showcase of the industry’s best and brightest.

Retail
JLL: Buyer wanted for 61,000 sq. ft. retail center at master-planned Basking Ridge community

The owner of a retail center at the heart of an affluent, master-planned housing development in Somerset County has tapped JLL to sell the property.

Retail
JLL: Fitness chains combine for 31,000 sq. ft. in new leases in Paramus, Passaic

Two fitness chains are expanding in northern New Jersey, reflecting what a JLL brokerage team said is continued demand from operators seeking high-visibility, convenience-driven locations.

Retail
TFE adds two ex-Rite Aid properties in high-traffic locations in Manchester, Lacey

TFE Properties has purchased two former Rite Aid locations in Ocean County, touting their redevelopment and leasing potential in growing commercial corridors.

Health Care
Johnson & Johnson takes naming rights, expands ties to key incubator space at New Brunswick’s HELIX project

Johnson & Johnson is lending its name to what will be an iconic new public space and a key piece of the emerging HELIX campus in its hometown of New Brunswick.

Food & Beverage
Panepinto inks retail lease at new Journal Square tower to bring global ramen concept to Jersey City (and East Coast)

An acclaimed ramen brand with a global footprint is coming to Jersey City with a new ground-floor restaurant at 505 Summit, a gleaming luxury apartment tower by Panepinto Properties.

Finance & Capital Markets
CBRE: Sterling Organization scores $18 million loan for Perth Amboy retail center

The owner of a grocery-anchored retail center in Perth Amboy has secured more than $18.4 million in financing for the property, brokers with CBRE announced Monday.

Retail
Goldstein Group: Ex-pharmacy space in Maplewood sold, slated to become restaurant

A restauranteur has found space in Maplewood after acquiring a vacant retail property on Springfield Avenue, according to a listing team with The Goldstein Group.