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.

Retail
Urban Edge signs World Market to 19,000 sq. ft. lease for new Paramus location

Home décor chain World Market is coming to Bergen Town Center in Paramus, where it’s set to lease more than 19,000 square feet under a deal with Urban Edge Properties.

Professional Services
LMC touts 1 million sq. ft. in 2023 deal volume amid retailer demand, reinvestment trend

Sustained demand for modernized, well-located retail space remains a driving force for Levin Management Corp., fueling more than 1 million square feet in deal volume last year across the firm’s portfolio of client properties.

Retail
Middlesex retail center with new SuperFresh store fetches $8.6 million, NAIDB says

A private seller has completed its trade of a nearly 70,000-square-foot, grocery-anchored retail asset in Middlesex Borough, brokers with NAI DiLeo-Bram & Co. announced.

Retail
JLL: Buyer wanted for 38,000 sq. ft. grocery-anchored retail center in Bloomfield

A grocery-anchored shopping center in Bloomfield is on the market for sale, boasting full occupancy and a location that’s adjacent to more than 300 luxury apartments.

Retail
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.

Retail
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.

Retail
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.

Retail
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.

Retail
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.

Professional Services
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.