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.
The Goldstein Group has bolstered its leasing and sales team with the addition of Marc Palestina, the Paramus-based retail brokerage announced Monday.
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.
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.
Boating goods retailer West Marine has leased 14,650 square feet at St. Georges Crossing in Woodbridge, Levin Management said Tuesday.
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.
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.
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…