A building maintenance supplies wholesaler is relocating most of its operations from Brooklyn to Passaic, where it recently acquired a nearly 11,000-square-foot warehouse.
Property owners in Camden have tapped into a state program meant to spur street-level retail and service businesses, adding to the resurgence of one of the city’s main thoroughfares.
The developer of a new 40-unit multifamily building in Passaic has secured more than $4 million in financing, Progress Capital Advisors said last week.
Nearly 150 apartments have changed hands in Bergen and Passaic counties, following three sales totaling $22.6 million in value announced this week by Gebroe-Hammer Associates.
Dollar Tree has continued its rapid expansion in New Jersey with the addition of four stores totaling more than 37,000 square feet, brokers with R.J. Brunelli & Co. LLC said Wednesday.
State officials have formally rolled out two funding programs meant to spur investment in street-level retail space in five cities: Trenton, Paterson, Passaic, Camden and Atlantic City.
The state Economic Development Authority last month unveiled two new funding tools aimed at helping street-level retail and downtown businesses in Passaic, Trenton, Paterson, Camden and Atlantic City.
An educational service and a staffing agency have leased retail space at the base of a newly renovated apartment building in downtown Passaic, the property’s broker said.
