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.

Residential & Mixed Use
Brookfield, G&S break ground on 802-unit high-rise at ShopRite property in Jersey City

A joint venture has broken ground on a high-rise that will add more than 800 apartments to downtown Jersey City, in the latest phase of a plan to transform a well-known retail property.

People
Azarian Group promotes Pelio to executive vice president

The Azarian Group LLC, the Midland Park-based commercial real estate firm, has promoted Kevin Pelio to executive vice president.

Retail
Coffee, waffle shop opens at Walters-owned building in Toms River

A new coffee and waffles eatery has opened its doors at the Jersey Shore, where it’s leasing space at a property owned by Walters.

Retail
Hair-braiding salon inks lease at Somerset shopping center, Zoltek says

A high-end hair braiding salon has leased space at a nearly 38,000-square-foot shopping center in Somerset County, according to a team with Zoltek Commercial Real Estate Services.

Retail
Vantage Commercial: Floral studio takes final space at Cherry Hill shopping center

A flower shop has signed a lease to bring a Cherry Hill shopping center to full occupancy, brokers with Vantage Commercial announced Thursday.

Top News
Site of Newark’s famed Iberia restaurant sold, slated for 2,500-unit mixed-use redevelopment

A development group has acquired the site of Newark’s famed Iberia Tavern & Restaurant and several surrounding lots, where it now hopes to build more than 2,000 residential units and a bustling restaurant row in the heart of the city’s Ironbound district.

Retail
Nail bar, spa operator takes space at new Monmouth County retail center, Zoltek says

A nail salon has leased space at a new retail development on Route 33 in Monmouth County, in a newly announced deal by Zoltek Commercial Real Estate Services.

Features
Long-awaited Parsippany project comes with visions of bustling, downtown-style retail

Developers and local officials say they have high hopes for a luxury mixed-use development on Route 10, one with a concept that seemingly relies more heavily on retail and restaurants than typical mixed-use residential developments, in an effort to broaden its appeal.

Retail
Cervelli: Mediterranean, café-style eateries lease space in North Bergen

Two restaurants have expanded to Hudson County after leases in North Bergen, in a set of transactions by Cervelli Real Estate & Property Management.

Retail
Unity Bank to open branch in Lake Hiawatha, marking its Morris County debut

Unity Bank is expanding to yet another county in New Jersey with a planned branch opening in the Lake Hiawatha section Parsippany.