Finance & Capital Markets
G.S. Wilcox sources $26 million loan for Blue Star Shopping Center updates

The owner of the Blue Star Shopping Center in Watchung has closed on a $26 million loan for the property’s ongoing redevelopment, in a deal arranged by G.S. Wilcox & Co.

Retail
LMC: Deals with Burlington, Marshalls among newest leases at Blue Star Shopping Center

Burlington is coming to the revitalized Blue Star Shopping Center in Watchung, in one of several newly announced leases at the property by Levin Management Corp.

Retail
Discounters, experiential users shine as LMC inks 570,000 sq. ft. in first-half leasing activity

Demand for retail space in the region is strong and steady, according to a prominent real estate services firm, thanks in large part to discount chains and experiential and fitness operators.

Retail
LMC: Five Below takes 10,000 sq. ft. in latest deal at new-look Blue Star Shopping Center

Five Below has leased 10,000 square feet at Blue Star Shopping Center in Watchung, bringing another tenant to the newly updated property on Route 22.

Retail
LMC: Arrival of new ShopRite advances major overhaul of Blue Star Shopping Center

Village Super Market Inc. has opened a new ShopRite at Blue Star Shopping Center in Watchung, delivering the centerpiece of a plan to update and expand the landmark property.

Retail
KidStrong takes 3,000 sq. ft. in Watchung as Blue Star upgrades continue, LMC says

Athletic play franchise KidStrong is headed to Watchung’s Blue Star Shopping Center, leasing 3,000 square feet as the property undergoes a multimillion-dollar upgrade.

Retail
LMC: Planet Fitness inks leases for new Watchung, Middlesex locations

Planet Fitness is expanding in central New Jersey with newly signed leases in Watchung and Middlesex Borough, in a set of deals arranged by Levin Management Corp.

Retail
Retail refresh: Expansion by grocers, big boxes spurring major updates of New Jersey shopping centers

As supermarkets and other anchor tenants look to expand their reach in New Jersey, landlords are accommodating them with renovated shopping centers that are likely to help attract new retailers to those properties.

Editor’s Note
Sprucing it up

New Jersey is largely built out, at least as far as the best locations are concerned, meaning redevelopment is often the only option. That’s driving a series of new investments by shopping center owners that have secured new deals with supermarkets and other big-box tenants. Those landlords are now renovating their assets in conjunction with the new anchor leases, which figures to help attract new retailers to those properties.

Retail
LMC: New ShopRite store, center-wide upgrades coming to Blue Star on Route 22

ShopRite is getting a new home at Blue Star Shopping Center in Watchung, under a major redevelopment of the prominent 420,000-square-foot property on Route 22.