A joint venture will develop a new shopping center anchored by a wholesale club at a busy intersection in Hanover, the firms announced Thursday.
JLL: Retail sectors blossom in northern New Jersey
New Jersey has a strong retail environment due its population density, which is higher than the national average. Retailers are also attracted to the Garden State’s proximity to New York, which is one of the world’s retail capitals. A large percentage of New Jersey’s population is in Northern New Jersey and retailers targeting consumers have plenty of space options along Interstate 95, The Garden State Parkway and U.S. Route 1/9.