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 touts 9,500 sq. ft. in new leases, new-look J.Crew store at Bergen Town Center

Five new tenants are coming to Bergen Town Center in Paramus and Maywood, under a series of leases announced Monday by Urban Edge Properties.

Retail
Woodbridge auto repair business buys dealership site, BRC says

An auto repair business in Woodbridge has purchased a nearby dealership site in the township’s Sewaren section, under a deal arranged by Bussel Realty Corp.

Professional Services
Hilton Realty taps Fennelly to market Princeton-area office, retail buildings for lease

Hilton Realty has picked Fennelly Associates as its leasing team for three prominent commercial properties in and around Princeton.

Editor’s Note
Finding a spark

We all know that developing in New Jersey is not for the faint of heart. Just ask any of the countless builders who have endured delays or scrapped projects altogether in the face of pushback by residents and a litany of regulatory hurdles.

The flip side? A supportive local government can go a long way in sparking new investment, as we’ve seen in what appears to be a growing list of municipalities in our state. That group includes the city of Orange in eastern Essex County, where at least 1,000 luxury apartments have been planned near two train stations with Midtown Direct service. As you’ll read in this month’s cover story, the projects have the potential to breathe new life into the town of 30,000 residents in 2.2 square miles, following decades of struggles despite its prime location on Interstate 280 and just west of Newark.

Retail
Barnes & Noble takes 15,000 sq. ft. for new Route 22 store, Goldstein Group says

Barnes & Noble has leased 15,000 square feet in Union Township as part of a move from nearby Springfield, brokers with The Goldstein Group announced Monday.

Retail
LMC: Fast-growing salon suite franchise leases 7,900 sq. ft. in Howell

A salon suite franchise has added another location with a newly signed lease at Howell’s Aldrich Plaza, in a newly announced deal by Levin Management Corp.

Professional Services
Zoltek adds sales, leasing specialist to Fair Lawn-based team

Zoltek Commercial Real Estate Services has announced the hiring of Kristina Khomenko, who joins the firm as the newest member of its Fair Lawn-based sales team.

Retail
Chip City plans continued growth after recent North Jersey store openings

Gourmet cookie chain Chip City is eyeing some two dozen additional locations this year after opening three new stores in New Jersey since late January alone.

Government & Public Policy
Atlantic City: Developer, city officials sign MOU for $3 billion Bader Field redevelopment

A developer has taken a key step in a bid to transform Atlantic City’s Bader Field, signing a memorandum of understanding with city officials in connection with a nearly $3 billion proposal that includes housing, retail and a racetrack.

Retail
Family sells Burlington County strip center for $1.2 million, Rose Commercial says

A local restauranteur has acquired a nearly 14,000-square-foot strip center in the Burlington County township of Tabernacle, in a deal arranged by Rose Commercial Real Estate.