A joint venture has sold a nearly 190,000-square-foot, grocery-anchored shopping center in West Caldwell for $47 million, according to a brokerage team with CBRE.
The longtime owner of a nearly 90,000-square-foot shopping center in Sparta has secured $21.5 million in financing for the asset, according to a debt placement team with JLL.
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.
A real estate investment trust has acquired the only grocery-anchored shopping center in Pompton Plains, in a $51 million deal brokered by HFF’s New Jersey office.
The operator of a long-planned ShopRite in Wyckoff has started demolition of an existing structure at the site, even as it awaits a decision from a state appeals court in a three-year-old legal battle over the project.
A proposed ShopRite in Wyckoff that has faced a lengthy court battle could open by late next year, following a state appeals court ruling that paves the way for its operator to move forward.
