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
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.

Deals
Marcus inks $46 million sale of 310,000 sq. ft. retail, office portfolio in Ocean County

A real estate firm has acquired 10 retail and medical office properties in Ocean County for $46 million, expanding its footprint in the region by more than 300,000 square feet.

Finance & Capital Markets
Spencer Savings Bank adds RIPCO’s Fasano to board of directors

Spencer Savings Bank has appointed longtime commercial real estate industry executive Michael Fasano to its board of directors.

Deals
KenKap: Route 46 office, restaurant properties in Parsippany trade for $4.2 million

A local investor has purchased the site of an office building and an adjacent restaurant property in Parsippany for $4.2 million, in a transaction arranged by KenKap Realty Corp.

Retail
Urban Edge, Ashley Furniture sign 24,000 sq. ft. lease at Union Twp. retail center

Urban Edge Properties has filled a vacant big-box retail space in Union Township, where it has leased more than 24,000 square feet to Ashley Furniture.