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.
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.
