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
Café, dentist coming to retail space at new Denholtz apartment building in Red Bank

Two new commercial tenants are coming to Denholtz Properties’ recently delivered, ground-up development in Red Bank’s West Side neighborhood, the firm announced Thursday.

Retail
Vantage Commercial: Miracle-Ear leases final space at Cherry Hill retail center

A hearing aid company has taken the last available unit at a Cherry Hill shopping center, in a newly announced transaction by Vantage Commercial.

Retail
Pierson promotes longtime team members Medvin, Starkman

Pierson Commercial has announced the promotion of two longtime members of its retail brokerage team.

Retail
Paris Baguette adds Red Bank location, its seventh in New Jersey

Bakery café concept Paris Baguette has added to its footprint in New Jersey with the opening of a new location in downtown Red Bank.

Deals
BRC: Investor completes 1031 exchange after $37 million industrial sale in Bridgewater

A firm that recently sold a five-building industrial complex in Bridgewater has acquired a retail center in the Southeast as part of a Section 1031 like-kind exchange.

Finance & Capital Markets
JLL suburban tristate capital markets team inks $4.7 billion in 2022 sales

Brokers with JLL’s suburban tristate capital markets team are forecasting a busy 2023 after a year in which they completed some $4.7 billion in sale transactions.

Finance & Capital Markets
Marcus arranges $13.3 million acquisition loan for Sussex retail center

An investor has secured a $13.3 million acquisition loan for a grocery-anchored shopping center in Sussex County, in a deal arranged by Marcus & Millichap.

Retail
Azarian: Hobby Lobby takes 59,000 sq. ft. at Neptune Twp. shopping center

Hobby Lobby has leased nearly 59,000 square feet at a grocery-anchored retail center in Neptune Township, in a newly announced deal by Azarian Realty Co.

Retail
Growing circuit-based gym franchise takes 3,000 sq. ft. in Old Bridge, LMC says

A gym franchise has found a new home in Old Bridge after leasing space at a 26,000-square-foot shopping center, according to an agency team with Levin Management Corp.

People
Larken adds commercial property manager for central New Jersey

Larken Associates has named a new property manager for its commercial real estate portfolio in central New Jersey.