Editor’s Note
Into the future

There are plenty of parallels between the decline of the suburban office building and that of the legacy shopping mall, but the latter feels much more personal. I’m sure many of you would agree, especially in New Jersey, so you’ll find no lack of interest in the growing number of developers seeking to reinvent these once-proud retail hubs.

Retail
A new destination: Edgewood, Paramount advance plans to revive East Brunswick mall as open-air lifestyle center

Edgewood Properties and Paramount Realty have unveiled plans to transform the 775,000-square-foot Brunswick Square Mall in East Brunswick into a modern, open-air destination for the community — one that includes not just retail but a complementary mix of heath care, fitness and lifestyle uses that will revitalize the outdated, slumping shopping center on Route 18.

Retail
RIPCO: Paramount, Cayre land new anchor leases to help reposition Toms River retail center

The owners of a Toms River shopping center have secured leases with Sprouts Farmers Market and Boot Barn, adding two anchor tenants to help advance a substantial update of the site.

Office
Newmark: Red Bank’s River Centre more than 90 percent full after 48,000 sq. ft. in new leases

A joint venture has filled nearly 48,000 square feet at a well-known office campus in Red Bank, securing four new tenants in a series of deals arranged by Newmark.

Office
Newmark: Hackensack Meridian leases 50,000 sq. ft. at Red Bank’s new-look River Centre

Hackensack Meridian Health has taken 50,000 square feet at a revitalized office campus in Red Bank, topping a list of newly announced deals by the property’s leasing team.

Retail
Paramount Realty plans new Wawa project after buying Pennsville tract, Goldstein Group says

Paramount Realty has acquired a development site in Salem County that it now plans to develop as a Wawa convenience store and gas station, in a deal arranged by The Goldstein Group.

Retail
Marcus: SITE Centers sells 485,000 sq. ft. Hamilton retail center in deal with Paramount Realty

Paramount Realty has acquired a roughly 485,000-square-foot retail property in Hamilton for more than $100 million, in a newly announced deal by Marcus & Millichap.

Retail
Paramount Realty sells Flemington strip center in $7.5 million deal, Marcus says

Paramount Realty has sold a nearly 7,400-square-foot stirp center in Flemington for $7.5 million, brokers with Marcus & Millichap announced last week.

Retail
RIPCO: Paramount Realty buys 79,000 sq. ft. Toms River retail center for $8.75 million

Paramount Realty has added more than 79,000 square feet of retail space after acquiring a multitenant shopping center in Toms River, brokers with RIPCO Real Estate said.

Office
Life Time Work among new tenants at revamped, 665,000 sq. ft. Red Bank office campus

A high-end flexible workspace concept is coming to a six-building, 665,000-square-foot office campus outside Red Bank, as a joint venture continues its overhaul of the complex.