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.
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.
Major upgrades are coming to a 103,000-square-foot shopping center in Edison, which is now fully leased after a recent commitment by a national eye care chain.
A shopping center in southern Monmouth County has reached full occupancy with the addition of a new salon and the expansion of the property’s anchor supermarket.
The Hampshire Cos. has sold a grocery-anchored shopping center in Mount Laurel, capping off a plan to find a buyer after acquiring it in 2012 and bringing the complex to full occupancy.
Wakefern Food Corp. could be in line to expand its vast footprint in New Jersey, having told state officials that it was considering a massive new warehouse facility in Perth Amboy.
G.S. Wilcox & Co. has arranged the refinancing of a grocery-anchored, 140,000-square-foot shopping center in Sussex County for $13.5 million, the firm announced.
A new apartment building that has drawn renters from Newark’s health care and education sectors is now 80 percent leased, a mark that its developer says is validation of an emerging neighborhood in the city.
