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.

Kislak: New retail building in Matawan with approvals for expansion fetches $2.6 million

The site of a new 9,000-square-foot retail building in Matawan has traded for $2.6 million, in a deal arranged by The Kislak Co. Inc.

JLL: Valley takes 3,900 sq. ft. for new Florham Park branch

Valley National Bank has found a new branch in Florham Park after leasing nearly 3,900 square feet at a freestanding drive-thru property, brokers with JLL announced last week.

Wonder Restaurants expands with 2,800 sq. ft. deal in Springfield, Goldstein Group says

Wonder Restaurants has expanded its brick-and-mortar footprint in the state with a new 2,800-square-foot lease in Springfield, in a deal arranged by The Goldstein Group.

C&W: 22,000 sq. ft. River Edge retail center trades for $3.2 million

An investor has acquired a nearly 22,000-square-foot retail property in the Bergen County borough of River Edge, in a newly announced deal by Cushman & Wakefield.

Cannabis shop coming to Route 70 in Marlton after 8,600 sq. ft. lease, Rose Commercial says

A new cannabis dispensary has leased 8,600 square feet at a freestanding retail building in the Evesham section of Marlton, in a deal arranged by Rose Commercial Real Estate.

LMC starts 2024 with new management clients, capping 2 million sq. ft. of recent growth

Levin Management Corp. has secured two new clients to start the year, having been tapped to manage nearly 584,000 square feet of commercial space in New Jersey and Pennsylvania.

Launch Entertainment takes 32,000 sq. ft. at Little Ferry retail center, CBRE says

An indoor family entertainment chain has leased nearly 32,000 square feet at a grocery-anchored shopping center in Little Ferry, according to a brokerage team with CBRE.

Vision sells standalone Acme property in Saddle Brook for $16 million, JLL says

Vision Real Estate Partners has sold a nearly 63,000-square-foot grocery store property in Saddle Brook for $16.1 million, brokers with JLL announced Tuesday.

Lawmakers pass bill to spur sale, transfer of dormant liquor licenses amid other changes

State lawmakers have approved a bill that could expand the number of available liquor licenses in New Jersey — largely by targeting inactive retail licenses — in a move that would bring key changes but fall short of the broad reforms long sought by many stakeholder groups.

Card, game shop takes 2,500 sq. ft. in Flemington, BRC says

A card and game shop has leased 2,500 square feet at a Flemington retail center, brokers with Bussel Realty Corp. announced Thursday.