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.

Owners Council Q&A: Lou March

We’re cautiously optimistic about the market. While there have been challenges like increased lending interest rates and the uncertainties associated with them, we’ve found opportunities to innovate and thrive. Leveraging joint ventures, early procurement and efficient planning has allowed us to combat potential delays and unforeseen expenses. Our growth in 2023, despite some projects stalling due to market factors, testifies to our adaptability and resilience in these changing times.

Newark Summit to highlight opportunity, innovation as city’s development boom continues

Dozens of business and civic leaders will take the stage in early December for the inaugural Newark Summit, where they’ll discuss the wave of investment and placemaking initiatives in the state’s largest city, in an event that is slated to draw more than 750 attendees.

KPR Centers sells grocery-anchored complex in Camden County, Marcus says

Investment firm KPR Centers has sold a nearly 103,000-square-foot, grocery-anchored shopping center in Gloucester Township, in a deal arranged by Marcus & Millichap.

Hackensack business group launches new-look website for downtown

Business leaders in downtown Hackensack have launched a new website aimed at promoting efforts to revitalize the commercial district.

Salon operator takes 3,000 sq. ft. at Ramsey strip mall, NAI Hanson says

A nail salon and spa business has leased 3,000 square feet of retail space in the Bergen County borough of Ramsey, in a newly announced deal by NAI James E. Hanson.

Unity Bank opens new 3,900 sq. ft. Parsippany location, expanding to Morris County

Unity Bank has opened a new branch in Parsippany-Troy Hills, its first full-service location in Morris County and its third new retail site in the last 10 months.

RIPCO inks Roseland retail deals with UPS, Below Body Bar for combined 2,700 sq. ft.

A wellness center and a UPS Store have combined to lease nearly 2,700 square feet at a Roseland shopping center, brokers with RIPCO Real Estate announced.

Popeyes opens in South Brunswick after Goldstein Group-brokered deal

Popeyes has opened a new freestanding restaurant on Route 1 in South Brunswick, following a lease arranged by brokers with The Goldstein Group.

Deals by flooring, martial arts tenants among 20,000 sq. ft. in new retail leases by CBRE

A flooring company has signed a 10,000-square-foot sublease in Carlstadt, in the largest of four newly announced retail deals by CBRE.

Zoltek named leasing agent for 50,000 sq. ft. retail center in Atlantic Highlands, Middletown

The owner of more than 50,000 square feet of retail space on Route 36 in Monmouth County has tapped Zoltek Commercial Real Estate Services as its leasing agent.