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
Valley Bank inks $21 million in financing for Florida retail projects

Valley Bank has closed two loans totaling $21 million to the owner of retail properties in Florida’s sixth-largest city, the Morristown-based lender announced.

Events
Bell Works Holmdel to host annual career day on May 15

The popular Bell Works career day is returning to the landmark campus in Holmdel, one of the state’s largest concentrations of businesses and community gathering spaces.

Featured
Advance launches Bridgewater innovation campus with up to 1.1 million sq. ft. of ‘purpose-built’ R&D, advanced manufacturing space

Advance Realty Investors has unveiled plans to build up to 1.1 million square feet of new life science and advanced manufacturing space in Bridgewater, part of a campus that will have shared amenities to create what it’s touting as a cohesive, end-to-end ecosystem.

Finance & Capital Markets
JLL sources acquisition loans totaling $71 million for Bergen County, Southeast retail portfolio

Medipower Group has scored a combined $71.3 million in acquisition financing for a Bergen County shopping center and six retail properties in the Southeast.

Retail
RIPCO: Costello’s Ace Hardware opens new flagship New Jersey store in Cedar Knolls

A new Ace Hardware has arrived in the Cedar Knolls section of Hanover, occupying 23,000 square feet along Ridgedale Avenue under a lease secured by RIPCO Real Estate.

Retail
Tulfra, Hampshire welcome Chipotle (with ‘Chipotlane’) to Belleville’s Park 11 complex

A new Chipotle Mexican Grill has opened in Belleville, marking the latest addition to a mixed-use redevelopment project by Tulfra Real Estate and The Hampshire Cos.

Retail
Local investor buys 3,300 sq. ft. highway retail property in Little Falls, VanRockCRE says

A value-add investor has purchased a 3,300-square-foot retail building in Little Falls, in a newly announced transaction by VanRockCRE.

Residential & Mixed Use
Luxury living, community space set to converge at Hoboken’s new Southend Lofts

The landmark Southend Lofts in Hoboken has welcomed its first residents, in a key milestone for the project as its developer and city officials look ahead to the new dining and retail hub that will take shape inside the building’s dramatic public atrium.

Residential & Mixed Use
IPRG: Buyer of historic Paterson mill complex eyes redevelopment after $6 million sale by Procida Funding

Procida Funding has completed its sale of a well-known industrial complex and redevelopment site in Paterson, in a deal arranged by Investment Property Realty Group.

Retail
H&T: Investor buys 7,100 sq. ft. Hopatcong property with Dunkin’, USPS for $2.5 million

A private investor has picked up a two-tenant commercial property in downtown Hopatcong, paying $2.5 million in a deal arranged by Horvath & Tremblay.