Retail
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.

Industrial
Saddleback touts three new industrial leases

Saddleback Real Estate Developers has inked three new leases at industrial properties in northern New Jersey.

Market Sectors
Big-box industrial deals pile up in Q3

New Jersey industrial landlords have inked a flurry of big-box leases in recent months, Cushman & Wakefield said, driving nearly 9 million square feet of deal volume during the third quarter.

Retail
Latest Toys R Us auction includes four N.J. sites

Four New Jersey stores will be among more than 80 shuttered Toys R Us and Babies R Us locations that will be auctioned in late September as part of the retailer’s ongoing bankruptcy proceedings.

People
Valley National Bank names new head of CRE lending

By Joshua Burd Valley National Bank has tapped one of its longtime lenders and managers as the new head of its commercial real estate department. The Wayne-based bank said this week that it has appointed Christopher J. Coiley to the…

Retail
Toys R Us set to liquidate in New Jersey, nationwide

Nearly 30 remaining Toys R Us stores in New Jersey are among more than 700 that will likely close or be sold nationwide, as the chain succumbs to a decline fueled by competition from e-commerce and its crushing debt burden.

People
Contractor, developer names new senior project manager

Donnelly Construction has promoted a longtime employee to senior project manager, the Wayne-based general contractor and developer announced Friday.

Retail
Investor secures $18.7 million for Wayne retail acquisition

HFF has arranged $18.7 million in financing for an investor to acquire an 84,000-square-foot shopping center near the Willowbrook Mall in Wayne, the firm said Wednesday.

Finance & Capital Markets
Valley touts $650M in recent CRE loan volume

Commercial real estate lending continues to be a major driver for Valley National Bank, with the company having recorded some $650 million in new loans in the fourth quarter of last year.

Retail
Dave & Buster’s coming to Woodbridge, mayor says

Woodbridge Mayor John McCormac announced that Dave & Buster’s will open a location this November at the Woodbridge Center mall. Construction is set to begin this month on the 34,000-square-foot store, which will occupy an upper level formerly used by Sears, now that retailers in the space have been relocated within the mall.