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
Cervelli: Six-unit Jersey City building with apartments, commercial space fetches $850,000

A private investor has acquired a mixed-use property in Jersey City for $850,000, in a newly announced deal by Cervelli Real Estate & Property Management.

Retail
Fairfield-based Vita & Vita tapped to manage Mid-Atlantic, Southeast shopping centers

Vita & Vita Realty Corp. has expanded its management footprint with new assignments at shopping centers in Maryland, Virginia and North Carolina, the Fairfield-based firm announced.

Retail
TFE, Pierson tout debut of Starbucks in Monroe, a first for Middlesex County township

Monroe Township has welcomed its first Starbucks with the opening of a new drive-thru location late last year, according to the property’s landlord and its brokerage team.

Professional Services
Bennett Realty adds net-leased retail, strip center specialist to brokerage team

An investment sales broker specializing in single-tenant, net-leased assets and strip centers has joined Holmdel-based Bennett Realty & Development.

Retail
JLL: Food tech startup Wonder among five retail users at new mixed-use project in Cresskill

Five retail tenants are coming to a new mixed-use property in Bergen County after a series of leases totaling more than 10,000 square feet, brokers with JLL announced Tuesday.

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.