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.

Net-leased Home Depot property in Bloomfield sells for $16.4 million

A real estate investment trust has sold a triple-net-leased Home Depot property in Bloomfield for more than $16 million, under a newly completed transaction by JLL.

Newmark: Cryotherapy chain takes 1,400 sq. ft. in Millburn, its first New Jersey location

A chain of cryotherapy studios has expanded into New Jersey, having signed a 1,400-square-foot lease at a Millburn shopping center.

Street-style Mexican eatery opens at Advance retail development in Paramus

Advance Realty Investors has welcomed a Mexican fast casual eatery as the latest tenant at a new 108,400-square-foot retail center in Paramus.

CBRE adds well-known broker to New Jersey net lease team

CBRE has made a key addition in the fields of capital markets and net leased properties with one of its newest hires in New Jersey.

Newmark brokers sale of Route 46 retail site in Parsippany

Three freestanding retail buildings along Route 46 in Parsippany have changed hands, following a sale arranged by brokers with Newmark Associates.

Larken adds senior estimator to in-house construction team

Larken Associates has hired a new senior estimator as the latest piece of its in-house construction team.

Newmark: Bath, kitchen retailer takes 17,800 sq. ft. for Paramus showroom, warehouse

A home furnishings retailer has leased nearly 18,000 square feet of showroom and warehouse space in Paramus, under a newly announced transaction by Newmark.

Bell Works joins operators to open new health, wellness complex

Somerset Development has unveiled a new health and wellness complex at Bell Works, the latest addition to the sprawling office, retail and hospitality destination in Holmdel.

Planting the Seed for A Greener New Jersey: The Intersection of Legal Cannabis and Real Estate in the Garden State (Part 2)

The current version of the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act, which was passed by the state Legislature on December 17, 2020, provides a framework for legalizing recreational cannabis in the state, including six different classes of licenses to be considered by those looking to enter the cannabis business marketplace. As we discussed in Part I in our series on cannabis, early identification of an ideal region and/or municipality for the proposed licensed premises is critical to success. However, there are a host of other factors and potential snags that an applicant must take into consideration before selecting a location.

Mediterranean eatery to backfill Wildwood restaurant space, Vantage Commercial says

A new operator is coming to a restaurant space in Wildwood, following a transaction completed by Vantage Commercial.