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.

Finance & Capital Markets
Hackettstown retail center owner inks $16 million permanent loan, Cronheim says

The owner of a Walmart-anchored shopping center in Hackettstown has refinanced the property for $16 million, in a newly announced transaction by Cronheim Mortgage.

Finance & Capital Markets
Hoboken retail center owner refinances for $25 million, JLL says

The owner of a ShopRite-anchored retail property in Hoboken has refinanced the center for $25 million, according to a debt placement team with JLL.

Retail
Auto repair shop eyes expansion after buying Hackensack building, NAI Hanson says

A tenant at an auto repair building in Hackensack is planning to expand after buying the 22,000-square-foot property, in a newly announced deal by NAI James E. Hanson.

Retail
JLL: Buyer wanted for 91,000 sq. ft. shopping center on Route 46

The owner of a nearly 91,000-square-foot retail center in Woodland Park has put the property on the market for sale, in a new offering by JLL’s New Jersey capital markets team.

Retail
Old Navy leases 14,000 sq. ft. at Kearny Plaza shopping center, Welco says

A new Old Navy store has come to a 62,000-square-foot shopping center in Kearny, in a newly announced transaction by Welco Realty Inc.

Retail
Onyx welcomes Baraka, local leaders to reveal jewel box entrance at Gateway complex

The overhaul of Newark’s sprawling Gateway Center was on display last week as a development team revealed the new two-story, glass-encased lobby that will connect the streetscape to a planned 100,000-square-foot dining and retail concourse.

Retail
Irgang Group names operations manager for newly added Millville power center

The new owner of a 393,000-square-foot shopping center in Millville has hired a construction industry veteran to oversee the property and another recent addition to its portfolio.

Retail
Iron Ore buys 59,000 sq. ft. grocery-anchored retail center in Trenton

An affiliate of Iron Ore Properties LLC has purchased a grocery-anchored retail center in Trenton, the Milburn-based firm announced Thursday.

Retail
LMC to manage Old Bridge retail center among two new assignments

Levin Management Corp. has secured two new assignments on behalf of property owners in and around its home state of New Jersey, the North Plainfield-based firm said.

Finance & Capital Markets
Urstadt Biddle lands $21 million loan for New Providence retail center, Cronheim says

The owner of a 108,000-square-foot, grocery-anchored shopping center in New Providence has secured $21 million in financing for the site, in a deal arranged by Cronheim Mortgage.