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.

Net-leased bank site in Essex County trades for $5 million

A developer has sold a 4,200-square-foot net-leased bank property in Cedar Grove as part of a $5 million deal brokered by Marcus & Millichap’s northern New Jersey office.

Value-add firm hires three, promotes one to support new growth

Accordia Realty Ventures has expanded its asset management team and promoted a longtime employee in order to handle its growing pipeline, the firm announced.

Advance, Invesco get OK for office-to-retail redevelopment in Paramus

Local officials have cleared the way for Advance Realty and Invesco Real Estate to demolish an aging office building in Paramus, allowing the firms to develop a new 40,000-square-foot retail and dining complex in its place.

Retail brokers join CBRE as associates

CBRE Group Inc. has bolstered its retail brokerage team with the addition of two new associates.

Smoothie chain adds three N.J. stores, Goldstein Group says

A growing chain focused on smoothies and acai bowls is adding new locations in Essex and Ocean counties, following three transactions arranged by The Goldstein Group.

Developers, city officials unveil new supermarket in former Elizabeth food desert (SLIDESHOW)

A new 25,000-square-foot supermarket has opened its doors in what had been a food desert in a dense section of Elizabeth, anchoring a $17 million redevelopment project that relied on a medley of private and public funding sources.

Mack-Cali unveils new Jersey City beer garden

In the latest sign of its plans to remake its footprint along the Hudson waterfront, Mack-Cali Realty Corp. has opened the doors to a new beer garden in Jersey City.

Bridgewater retail center trades for $4.2 million, Marcus & Millichap says

A private investor has paid more than $4 million to acquire a 14,700-square-foot retail center in Bridgewater, in a deal brokered by Marcus & Millichap.

Ripco tapped to market retail space at historic West Orange redevelopment

Brokers with Ripco Real Estate are leading the effort to attract retail tenants to a long-awaited mixed-use development currently under construction in West Orange.

Marcus & Millichap brokers $1 million mixed-use sale at Jersey Shore

A private partnership has sold an 8,500-square-foot mixed-use building in Long Branch for just over $1 million, according to brokers with Marcus & Millichap.