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.

Government & Public Policy
Newark to provide financing, support for activating vacant storefronts downtown

The city of Newark has launched a program aimed at filling vacant storefronts in its downtown, offering up to $650,000 in financial support to prospective retailers and restaurateurs.

Retail
Azarian: Philly Pretzel Factory takes final space at grocery-anchored center in Allendale

A grocery-anchored shopping center in downtown Allendale is fully occupied after a recent commitment by Philly Pretzel Factory, according to a leasing team with Azarian Realty Co.

Retail
Principal sells 215,000 sq. ft. grocery-anchored retail center in Delran, JLL says

Principal Asset Management has sold a nearly 215,000-square-foot retail property in the Burlington County township of Delran, brokers with JLL announced Thursday.

Retail
Grocer takes 3,500 sq. ft. at Hampshire-built apartment building in Hackensack

A specialty grocer has leased 3,500 square feet at the base of a new 82-unit apartment building in downtown Hackensack, according to a broker with NAI James E. Hanson.

Residential & Mixed Use
Cervelli closes sale of 3,500 sq. ft. residential, retail property in West New York

A local business owner has purchased a 3,500-square-foot mixed-use building in West New York, in a deal arranged by Cervelli Real Estate and Property Management.

Retail
Joint venture buys 38,000 sq. ft. Cinemark property at busy Route 22 intersection, JLL says

A joint venture has acquired the site of a nearly 38,000-square-foot movie theater on Route 22 in Watchung, in a newly announced deal by JLL.

Retail
Denholtz, beauty spa ink 2,000 sq. ft. lease to fill last retail space at The Rail at Red Bank

Denholtz Properties has filled the final retail space at a high-profile redevelopment project in Red Bank’s West Side neighborhood.

Retail
Buyer wanted for 253,000 sq. ft. Toms River shopping center, RIPCO says

The owner of a Toms River shopping center has placed the property on the market, brokers with RIPCO Real Estate said, touting the potential to draw offers of more than $20 million.

Retail
Katz: Themed children’s hair salon opens in Toms River

A new children’s salon has arrived in Ocean County after a 1,000-square-foot lease at a Toms River shopping center, according to a brokerage team with Katz & Associates.

Retail
New operators ink leases to fill ex-Houlihan’s locations in Parsippany, Bridgewater

Two former Houlihan’s restaurants in New Jersey are being revitalized after securing new operators for the spaces, in a set of deals arranged by Jeffery Realty.