Retail
Discounters, experiential users shine as LMC inks 570,000 sq. ft. in first-half leasing activity

Demand for retail space in the region is strong and steady, according to a prominent real estate services firm, thanks in large part to discount chains and experiential and fitness operators.

Retail
LMC: Target takes 76,000 sq. ft. in Flemington with upgrades coming to key shopping center

Target is coming to Flemington after signing an anchor lease at a 239,000-square-foot shopping center on Route 202, in a newly announced deal by Levin Management Corp.

Retail
LMC: New phase coming for West Orange retail center with Target lease, center-wide upgrades

A plan to enhance and expand a major shopping center in West Orange is underway, following a nearly 212,000-square-foot lease with Target that helped jumpstart the redevelopment.

Retail
Retail refresh: Expansion by grocers, big boxes spurring major updates of New Jersey shopping centers

As supermarkets and other anchor tenants look to expand their reach in New Jersey, landlords are accommodating them with renovated shopping centers that are likely to help attract new retailers to those properties.

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.

Industrial
Advance, Greek sell 1.1 million sq. ft. Target facility in Logan, in $265 million deal

A joint venture has sold a newly built, 1.1 million-square-foot Target facility and a nearby parcel in Logan Township for $265 million, in a transaction arranged by CBRE.

Industrial
C&W: Advance, Greek land $103 million financing package for Logan industrial park

A development team has secured more than $100 million in financing for the first two buildings in a planned 3.2 million-square-foot industrial park in Gloucester County.

Industrial
JLL: New Jersey industrial demand starts strong in Q1, faces new test from COVID-19

Industrial leasing stayed strong in New Jersey ahead of the COVID-19 outbreak, as experts now wait to determine the long-term impact of the pandemic on the state’s surging market for warehouse and distribution space.

Industrial
Duke Realty details 354,000 sq. ft. Perth Amboy lease with ecommerce logistics firm

A fulfillment and logistics firm will be the latest tenant at a new three-building, 1.3 million-square-foot industrial complex in Perth Amboy acquired by Duke Realty late last year.

Industrial
CBRE industrial broker earns top national honors for 2017

A veteran broker with CBRE was the firm’s top industrial producer in the Americas in 2017, with a series of deals headlined by high-profile transactions in Edison and Perth Amboy.