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
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.

Professional Services
Cervelli lands new property management assignment for Englewood portfolio

An owner in downtown Englewood has tapped Cervelli Real Estate & Property Management to manage a three-building portfolio with 19 apartments and four retail spaces.

Retail
Bed Bath & Beyond to wind down operations after filing for Chapter 11 bankruptcy protection

Bed Bath & Beyond is winding down its business after announcing Sunday that it has filed for Chapter 11 bankruptcy protection, while leaving the door open for a limited sale of its assets.

Retail
Zoltek marketing restaurant, co-working space at new-look bank building in Rahway

The owner of a historic bank building in downtown Rahway has tapped Zoltek Commercial Real Estate Services as its leasing agent, seeking a restaurant to fill a ground-floor retail space at the repurposed property.

Retail
Urban Edge inks 17,000 sq. ft. lease, bringing new UFC Fitness concept to Woodbridge

A new UFC Fitness concept has taken nearly 17,000 square feet at a Woodbridge shopping center, under a newly announced lease with Urban Edge Properties.