Government & Public Policy
East Orange project with 420 rentals, commercial space lands $298 million Aspire award

The next phase of a massive redevelopment in East Orange is one step closer to breaking ground with the help of a nearly $298 million tax credit award under the state’s Aspire program.

Retail
LMC: Deals with Burlington, Marshalls among newest leases at Blue Star Shopping Center

Burlington is coming to the revitalized Blue Star Shopping Center in Watchung, in one of several newly announced leases at the property by Levin Management Corp.

Retail
LMC: Arrival of new ShopRite advances major overhaul of Blue Star Shopping Center

Village Super Market Inc. has opened a new ShopRite at Blue Star Shopping Center in Watchung, delivering the centerpiece of a plan to update and expand the landmark property.

Retail
LMC brokers 62,000 sq. ft. lease for new ShopRite in Staten Island

A new 62,000-square-foot ShopRite is coming to Staten Island as part of a deal arranged by North Plainfield-based Levin Management Corp., the firm announced this week.

Retail
KidStrong takes 3,000 sq. ft. in Watchung as Blue Star upgrades continue, LMC says

Athletic play franchise KidStrong is headed to Watchung’s Blue Star Shopping Center, leasing 3,000 square feet as the property undergoes a multimillion-dollar upgrade.

Retail
TFE adds three-building, 93,000 sq. ft. retail property in Fair Lawn, in JLL-brokered deal

TFE Properties has expanded to Bergen County with its purchase of nearly 93,000 square feet of retail space on a 6.3-acre site in Fair Lawn, in a deal arranged by JLL.

Retail
TFE adds three-building, 93,000 sq. ft. retail property in Fair Lawn, in JLL-brokered deal

TFE Properties has expanded to Bergen County with its purchase of nearly 93,000 square feet of retail space on a 6.3-acre site in Fair Lawn, in a deal arranged by JLL.

Retail
FNRP adds 88,000 sq. ft. ShopRite-anchored center in Ocean County

First National Realty Partners has acquired a nearly 88,000-square-foot, grocery-anchored shopping center in the Waretown section of Ocean Township.

Editor’s Note
Sprucing it up

New Jersey is largely built out, at least as far as the best locations are concerned, meaning redevelopment is often the only option. That’s driving a series of new investments by shopping center owners that have secured new deals with supermarkets and other big-box tenants. Those landlords are now renovating their assets in conjunction with the new anchor leases, which figures to help attract new retailers to those properties.

Retail
Principal sells 215,000 sq. ft. grocery-anchored retail center in Delran, JLL says

Principal Asset Management has sold a nearly 215,000-square-foot retail property in the Burlington County township of Delran, brokers with JLL announced Thursday.