Monmouth retail center that will house new ShopRite sells for $32 million

A buyer has paid $32 million to acquire a fully leased, soon-to-be-repositioned retail center in Monmouth County that will be home to a new ShopRite location.

Newark: LMC named leasing, managing agent at grocery-anchored center

The owner of a four-year-old, grocery-anchored shopping center in Newark has tapped Levin Management Corp. as its leasing and management agent.

Sparta ShopRite owner secures $12 million loan, G.S. Wilcox says

The owner of a new supermarket and liquor store at a Sparta shopping center has landed $12 million in financing, following a transaction arranged by G.S. Wilcox & Co.

NAI Hanson inks pad site lease for bank branch in New Milford

Wells Fargo is set to occupy a newly built retail branch in New Milford as part of a deal announced Tuesday by NAI James E. Hanson.

Larken recaps 700,000 sq. ft. in leasing, new acquisitions in 2018

Larken Associates is touting a 20 percent increase in leasing activity in 2018, part of a year in which it also added two New Jersey shopping centers to its regional portfolio.

Joint venture acquires Springfield Avenue shopping center in Newark

An affiliate of Goldman Sachs and Madison Marquette have acquired one of Newark’s newest retail properties — a fully occupied, grocery-anchored shopping center on Springfield Avenue.

Ground lease, demolition of vacant retail building clear way for new ShopRite in Wayne

A developer is moving ahead with plans to raze and redevelop an aging retail property in Wayne, paving the way for a new 79,540-square-foot ShopRite that will open next fall.

HFF marketing multistate, grocery-anchored retail portfolio

A five-state, 934,000-square-foot retail portfolio anchored by grocery and wholesale stores is on the market for sale, with an offering that includes properties in northern and central New Jersey.

Fund acquires Hudson County retail center anchored by wholesaler, grocery store

The developer of a two-year-old, 139,900-square-foot retail center in Hudson County has sold the property to a fund managed by Bentall Kennedy, brokers with Cushman & Wakefield said.

Jersey Shore retail center sells for $41.5 million, HFF says

A grocery-anchored retail center in Monmouth County has changed hands for more than $40 million, following a sale arranged by brokers with HFF.