Trend Watch
Retailer demand moves toward record-breaking absorption in 2018

Changes in consumption patterns continue to shift retailer demand away from brick-and-mortar storefronts to industrial facilities with immediate access to large swaths of the U.S. population. In 2017, traditional and e-commerce retailer requirements exceeding 200,000 square feet totaled 7.8 million, representing a 120 percent increase over the 2016 total of 3.6 million.

People
New hire bolsters leasing, sales team for Goldstein

The Goldstein Group has bolstered its leasing and sales team with the addition of Marc Palestina, the Paramus-based retail brokerage announced Monday.

Retail
JLL growing N.J. retail footprint, adds industry expert

JLL is making a push to expand its retail brokerage services in New Jersey, prompting the firm to hire an industry veteran with deep roots in the Garden State.

Retail
Sanzari inks renewals at Hackensack retail plaza

Four tenants have renewed leases totaling 10,250 square feet at a 100,000-square-foot shopping center in Hackensack, the property’s owner announced Monday.

Retail
‘Water life’ products retailer leases space in Woodbridge

Boating goods retailer West Marine has leased 14,650 square feet at St. Georges Crossing in Woodbridge, Levin Management said Tuesday.

Retail
Veteran retail broker Nicholson joins R.J. Brunelli sales team

R.J. Brunelli & Co. LLC has hired Peter Nicholson as a senior sales associate.

Retail
R.J. Brunelli named broker at four central N.J. properties

Retail broker R.J. Brunelli & Co. LLC has landed four new assignments in central New Jersey, including new retail sites in Middlesex and Somerset counties and an existing shopping center in Freehold.

Retail
Macy’s to ID stores slated for closure in early 2017

The list of which Macy’s stores will be closed in the latest round of cost-cutting by the retailer will be unveiled soon after the holiday shopping season.

Retail
Levin marketing former Sports Authority space in Paramus

Levin Management will lead the effort to fill a 50,000-square-foot, big-box retail space in Paramus formerly occupied by defunct Sports Authority chain.

Deals
Grocery-anchored retail center in Lyndhurst secures new financing

By Real Estate NJ HFF has arranged a $31 million refinancing for Veterans Square, a 136,928-square-foot grocery-anchored retail center in Lyndhurst. HFF represented the borrower, The Hampshire Cos., in securing a fixed-rate loan from Nationwide Real Estate Investments. The four-building…