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
CBRE: Teaneck retail center trades for first time in 65 years, fetching $6.25 million

A real estate firm has sold a grocery-anchored shopping center in Teaneck for $6.25 million, marking the first trade of the property in 65 years.

Retail
Lawn Buddies takes 3,500 sq. ft. at Somerville retail building, BRC says

A lawn care company is adding a location in central New Jersey after leasing 3,500 square feet of retail space in Somerville, brokers with Bussel Realty Corp. said Monday.

Retail
LMC: Salon studio takes 12,000 sq. ft. at Somerset Shopping Center in Bridgewater

A salon studio business is expanding in New Jersey with a new 12,000-square-foot lease at a Bridgewater shopping center, according to a team with Levin Management Corp.

Retail
Grid: Fitness chain takes 5,000 sq. ft. at Jersey City condo building

A new gym is coming to downtown Jersey City after leasing 5,000 square feet at the base of a luxury condominium building, under a deal arranged by Grid Real Estate.

Retail
JLL inks sale of 395,000 sq. ft. ShopRite-anchored retail center in Suffolk County

A nine-building, grocery-anchored retail center spanning nearly 400,000 square feet has changed hands on Long Island, in a deal arranged by JLL’s Morristown-based capital markets team.

Finance & Capital Markets
Urban Edge refis Bergen Town Center for $290 million, JLL says

Urban Edge Properties has secured $290 million to refinance its 1 million-square-foot Bergen Town Center in Paramus and Maywood, in a newly announced deal by JLL.

Residential & Mixed Use
Inspired breaks ground on 22 apartments at ex-coffee house site in Long Branch

Inspired by Somerset Development has started construction on a project that will bring new apartments and retail space to the former site of a famed coffee house in Long Branch.

Retail
Resources Real Estate adds veteran broker, former Toys R Us asset manager to sales team

A veteran leasing executive and former asset manager for Toys R Us has joined Resources Real Estate, helping to bolster the firm’s commercial sales division.

Retail
Crunch Fitness takes 32,000 sq. ft. at former New York Sports Club space in Springfield

Crunch Fitness has added a location in New Jersey after leasing 32,000 square feet at a Springfield shopping center, brokers with The Goldstein Group said Monday.

Retail
Boniakowski inks three renewals in Middlesex, Lafayette

The Boniakowski Commercial Real Estate Group has completed lease renewals with three tenants in Middlesex and Sussex counties, the firm announced Monday.