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.

Deals
Developers buy Elizabeth property, prospective development site, for $2.9 million

A development team has entered Union County with its purchase of a one-acre commercial property in Elizabeth, according to a broker with Gebroe-Hammer Associates.

Retail
Swim school leases 10,000 sq. ft. at The Shoppes at North Brunswick, Azarian says

A growing chain of swim schools has taken nearly 10,000 square feet at an upscale shopping center in North Brunswick, according to a leasing team with Azarian Realty Co.

Government & Public Policy
EDA unveils $25 million program to help rescue vacant, underused commercial sites

The state Economic Development Authority has launched a funding program to help reposition properties such as vacant or underused office parks, malls or health care facilities, in another move aimed at rescuing many of New Jersey’s so-called stranded assets.

Retail
Kushner adds seafood restaurant, sunglasses shop to Pier Village retail lineup

Two retail tenants will open their first New Jersey locations after signing leases at Kushner’s mixed-use Pier Village property in Long Branch.

Professional Services
Tokarski Millemann to spearhead redesign of popular Italian restaurant in Belmar

The owners of a popular Jersey Shore restaurant have tapped Tokarski Millemann Architects to spearhead a redesign and expansion of the space.

Retail
Alfalfa opens new 1,200 sq. ft. eatery in Jersey City, following build-out by GTL Construction

GTL Construction has completed the interior fit-out for a new Alfalfa restaurant in downtown Jersey City, its latest project in the food service industry.

Retail
Investor buys 4,500 sq. ft. net-leased QuickCheck in Woodbridge for $11 million, Marcus says

A private buyer has paid $11 million for the site of a net-leased QuickChek store in Woodbridge, brokers with Marcus & Millichap announced Monday.

Retail
Goldstein Group’s Palestina promoted to vice president

The Goldstein Group has promoted broker Marc Palestina to vice president, the Paramus-based retail real estate services firm announced Monday.

Professional Services
REDCOM names new CEO, eyeing continued expansion

REDCOM has named a new CEO as part of a larger plan to expand the Westfield-based design-build engineering, architecture and contracting firm.

Retail
S.Hekemian Group adds furniture, restaurant chains to fill retail space at North Market

The S.Hekemian Group has added three prominent retailers to the mixed-use development that has helped revitalize the former Mercedes-Benz USA campus in Montvale.