Construction was set to officially begin today on the new corporate headquarters for Burlington Coat Factory, the longtime South Jersey-based discount clothing retailer.
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Retail
Onyx Equities acquires Plainsboro Plaza
Onyx Equities LLC, of Woodbridge, and Artemis Real Estate Partners on Thursday announced the formation of a joint venture and acquisition of Plainsboro Plaza, a 218,600-square-foot, grocery anchored Class A retail property in Plainsboro.
Read More »Butcher chain stakes claim in New Jersey market
Jenn and Dave Bane plan on staking their claim on New Jersey by opening a series of hometown-style butcher franchises in the state. The Meat House will open its first shop Friday in downtown Summit, and the Banes have signed a developer agreement to open 19 more locations in the next 15 years.
Read More »HFF closes 25.8M saleleaseback deal involving 4 grocery store sites
Florham Park-based HFF announced Tuesday it has closed a sale/leaseback transaction involving four free-standing grocery store sites totaling 120,335 square feet in greater New York and northern New Jersey.
Read More »Vornado completes 300 million financing of Bergen mall
Vornado Realty Trust, which has significant operations in Paramus, announced Tuesday it completed a $300 million financing of the Outlets at Bergen Town Center, a shopping center in Paramus with nearly 1 million square feet of space.
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Fearing toll of higher payroll tax
The National Retail Foundation estimates seven out of every 10 consumers plan to reduce their spending because of the increase in payroll tax, enacted at the beginning of the year. Nearly 60 percent of Americans surveyed by the organization say the tax increase will affect their spending, saving and budgeting plans for the upcoming year.
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ShopRite announces plan to bring supermarket to Camden
Camden is slated to get its first major full-service supermarket in more than 30 years, with ShopRite announcing today it will bring a 75,000-square foot store to the South Jersey city.
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Lower-end tenants claiming prime N.J. locations amid market shift
Retailers are not the only ones paying attention to trends in how consumers spend their money — the real estate industry is watching closely, as well.
Read More »Report Retail vacancy rate holding steady
New Jersey’s retail vacancy rate remained steady at 7.8 percent, according to a year-end report by The Goldstein Group, a real estate brokerage firm based in Paramus. The survey, which covered more than 4,250 properties on 22 retail corridors in North and Central Jersey, showed retail vacancies were about the same as they were in mid-2012.
Read More »Pierson announces series of N.J. retail leases
Pierson Commercial, a commercial retail real estate provider in the Morganville section of Marlboro, announced Monday the completion of a series of transactions in Central and North Jersey.
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When Sandy slammed food distributor, it turned to SBDC for aid
Lt. Gov. Kim Guadagno visited a Kearny-based food distributor this afternoon as the first stop on a statewide tour highlighting key resources available to small businesses.
Read More »Retail giant expands its offerings from Parsippany company
Harvey Westbury Corp., a Parsippany-based provider of marine aftermarket accessories, announced today its product line of marine waxes and cleansers is now being sold by West Marine, one of the largest boating supply retailers in the United States, through its retail website and national catalog.
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