The retail portion of Tucker Development’s major mixed-use project in Newark is now 85 percent leased after recent commitments from seven new retailers, the firm said Thursday.
JLL has continued the expansion of its retail brokerage team in New Jersey with the hiring of Eduardo Pena, an industry expert with more than 20 years of experience.
Restaurants have proven to be desirable anchors for redevelopment projects and magnets for other businesses. However, with few liquor licenses available, smaller local establishments are having their chances of success diminished or are being shut out, thereby stifling competition, development and consumer choice.
A joint venture is one step closer toward redeveloping a parking lot in Burlington City into 184 apartments and nearly 8,000 square feet of retail space along the Delaware River.
A private investor has acquired a 16,208-square-foot retail property in Elizabeth, in a $2.65 million deal brokered by Marcus & Millichap.
AT&T has leased nearly 8,000 square feet at a location on Route 22 in Watchung, one of several recent retail deals arranged by brokers with The Goldstein Group.
Urban Edge Properties is acquiring seven retail centers totaling 1.5 million square feet as part of a $325 million acquisition, including assets in four heavily traveled New Jersey submarkets.
A retail building along Route 10 in Morris County is under new ownership, following a recent investment sale brokered by NAI James E. Hanson.
Payless Shoe Source will close seven stores in New Jersey amid some 400 store closures nationwide, the latest in a wave of downsizing by some of the nation’s most recognizable retail brands.