Even with the fall of Toys R Us, Sears and other chains — and recent trouble for the likes of Party City and Bed Bath & Beyond — big-box retail is alive and well in New Jersey.
The owner of a 36-acre development site in New Brunswick is seeking a buyer, with brokers touting its location along Route 1 and its proximity to New Jersey’s three largest employers.
Dermody Properties’ 1,100-acre logistics park in Logan Township has attracted a long list of well-known users over more than decade. And the firm is now set to enter its last phase of development — breaking ground on two buildings that will add another 563,000 square feet to the portfolio.
At least eight Kmart stores in New Jersey will among those to have closed this year, following an announcement on Thursday that parent company Sears Holdings Corp. would shutter additional locations beyond the lists unveiled earlier this year.
Image courtesy: JC Penney By Joshua Burd One JC Penney store in southern New Jersey will be among nearly 140 that are slated to close nationwide as the retailer looks to combat drops in sales and maintain profitability. A list…
