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
Azarian boasts record growth in 2022 fueled by new leasing, management assignments

Azarian Realty Co. is riding high after record growth in 2022, thanks to more than 60,000 square feet of leasing activity and the addition of 75,000 square feet to its management portfolio.

Government & Public Policy
Evans, key Trenton business leader, outlines goals as new chair of downtown association

A top executive with Greater Trenton, the nonprofit economic development organization in the city, has taken the reins as board chair of the Trenton Downtown Association.

Finance & Capital Markets
Provident closes $7.5 million loan to refi Ashkenazy-owned retail center in Atlantic City

Ashkenazy Acquisition Corp. has secured a $7.5 million loan to refinance a 76,000-square-foot, grocery-anchored shopping center in Atlantic City.

Retail
Katz & Associates promotes New Jersey-based broker to vice president

Katz & Associates has announced a series of promotions to start the year, including one in the brokerage firm’s home office in Englewood Cliffs.

Retail
TFE acquires distinctive 12,000 sq. ft. retail property in downtown Westfield

TFE Properties LLC has purchased a former bank building in downtown Westfield that in recent years has been home to an Urban Outfitters store, the firm announced.

Retail
Levin Management inks 1.4 million sq. ft. in 2022 lease volume, as retail rebounds

Levin Management Corp. is marking a record year in leasing, thanks in part to a continued bounce back for brick-and-mortar retail in its regional footprint and across the U.S.

Government & Public Policy
Murphy calls for expanding liquor licenses in New Jersey, making pitch for long-stalled reform

A long-awaited reform to New Jersey’s liquor license laws could be coming soon, as indicated Tuesday by Gov. Phil Murphy, who cast the overhaul as a top priority during his State of the State address and previewed a plan to tackle the hot-button issue.

Retail
Larken adds 204,000 sq. ft. grocery-anchored retail center in Pike County

Larken Associates has acquired a grocery-anchored shopping center just outside Sussex County, adding more than 200,000 square feet to its retail holdings in the region.

Retail
Onyx adds three tenants, hits 92 percent occupancy at Hazlet retail center, Pierson says

The leasing team for a Hazlet shopping center has attracted three new tenants, bringing occupancy to more than 90 percent after recent deals totaling nearly 10,000 square feet.

Retail
New tenants lease nearly 13,000 sq. ft. at grocery-anchored center in Perth Amboy

Four new tenants are coming to a Perth Amboy shopping center after combining to lease nearly 13,000 square feet, in a series of deals arranged by The Goldstein Group.