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Retail

NAI Hanson brings produce and fish market to larger space in Ramsey

The upscale produce and fish market will occupy a freestanding, 15,000-square-foot space at 465 North Franklin Turnpike. The company relocated from a 3,000-square-foot spot on Route 17.  “The NAI Hanson exclusive listing at 465 North Franklin was perfect for the company’s immediate expansion plans as it was nearby their previous location allowing them to retain ...

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Hampshire Cos. buys, leases back shopping center

The Morristown-based real estate investment firm purchased the 94,027-square-foot center at 375 Paterson Ave. from Inserra Supermarkets. Mahwah-based Inserra then signed a 25-year sublease agreement to operate the 66,065-square-foot ShopRite and manage the leasing of the remaining portion of the center. “This acquisition is in line with the recent core deals that Hampshire has pursued,” ...

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Muscle Maker Grill names new CEO

Robert E. Morgan, who had served as chief operating officer since the Colonia-based company’s inception as a franchised brand in 2007, will now be CEO and president, the company said in a news release Thursday. “I am pleased to announce that Bob Morgan has been promoted to president and CEO of Muscle Maker Grill,” Tim ...

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Keeping their cool Industry insiders say Bayonne Bridge delays won’t slow growth of refrigerated warehouses

Von Dohlen, the president of Port Newark Refrigerated Warehouse in Newark, is all in. In fact, he’s building out to take advantage of the booming business that’s already here. “I don’t think you’d delay your own (construction) because there will still be plenty of freight around to keep people happy,” von Dohlen said. “I’m spending ...

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13M project bringing ShopRite to South Plainfield

The plan involves demolition of an existing 54,000-square-foot retail building at the corner of Oak Tree Road and Park Avenue, and the construction of a 76,000-square-foot property in its place. The ShopRite site, originally home to an A&P, had been a challenge to revamp after that supermarket moved across the street, according to Michael Polimeni, ...

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Denver firm buys Chester shopping center for 53.8M

Dividend Capital Diversified Property Fund Inc. purchased the Chester Springs center in Chester, using cash in hand and its revolving credit facility, it said Monday in a news release. “We are very excited to enter the northern New Jersey market with this acquisition and further our strategy of acquiring necessity-oriented shopping centers in strong trade ...

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Joyce Leslie appoints new CEO

Clancy will succeed Nancy Shapiro and Joyce Segal, co-presidents, who will now act as consultants to the company and remain on the board of directors. “It is time for Nancy and I to retire and turn our family’s legacy over to Celia and the management team,” Segal said in a prepared statement “It has been ...

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