Content about New Jersey

September 16, 2014

Washington Prime Group announced Tuesday it will acquire shopping center REIT Glimcher Realty Trust in a deal worth $4.3 billion.

Columbus, Ohio -- Washington Prime Group announced Tuesday it will acquire shopping center REIT Glimcher Realty Trust in a deal worth $4.3 billion.

Washington Prime Group, a Bethesda, Maryland-based REIT, and Glimcher will combine under a new name WP Glimcher, with headquarters remaining in the current Glimcher offices in Columbus, Ohio.

The newly combined company will remain publicly traded.

September 11, 2014

Tony Truesdale, who has served as CEO of Vitamin Shoppe Inc. since 2006, has announced his intent to retire on June 27, 2015 to spend more time with his family and his external board work.

North Bergen, N.J. - Tony Truesdale, who has served as CEO of Vitamin Shoppe Inc. since 2006, has announced his intent to retire on June 27, 2015 to spend more time with his family and his external board work. The board of directors of the Vitamin Shoppe will be commencing a search for a new CEO, which will include both internal and external candidates, who will then implement the next stages of the company's long-term growth plans.

September 11, 2014

18 | 8 Fine Men's Salons has leased its first New Jersey locations in Somerset and Essex Counties. Winick Realty Group New Jersey broker Alison Cohen, the exclusive broker for 18|8 Fine Men's Salons in New Jersey, represented the salon in both transactions.

NEW YORK — 18 | 8 Fine Men's Salons has leased its first New Jersey locations in Somerset and Essex Counties. Winick Realty Group New Jersey broker Alison Cohen, the exclusive broker for 18|8 Fine Men's Salons in New Jersey, represented the salon in both transactions.

September 10, 2014

Five Below plans to open a new distribution center in Oldmans Township, New Jersey, in 2015.

Philadelphia – Five Below plans to open a new distribution center in Oldmans Township, New Jersey, in 2015. The center will replace an existing 421,000-sq.-ft. facility located in New Castle, Delaware.

Five Below will occupy approximately 700,000 sq. ft. of the facility to start with, and plans to grow to one million sq. ft. over time. The new distribution center, which is expected to be fully operational in the second half of 2015, will support the company's continued growth and expansion on the East Coast.

August 21, 2014

QSR sandwichchain Jersey Mike’s signed leases for two locations in Bergen County, New Jersey.

New York -- QSR sandwichchain Jersey Mike’s signed leases for two locations in Bergen County, New Jersey. Winick Realty Group NJ’s Gary Krauss acted as the brand’s exclusive broker in both transactions as Jersey Mike’s continues its aggressive expansion within its home state.

The sandwich shop leased 1,736 sq. ft. at 557 North Franklin Turnpike in Ramsey, New Jersey. The site, which formerly housed a TCBY, is expected to open by early September.

August 21, 2014

QSR sandwichchain Jersey Mike’s signed leases for two locations in Bergen County, New Jersey.

New York -- QSR sandwichchain Jersey Mike’s signed leases for two locations in Bergen County, New Jersey. Winick Realty Group NJ’s Gary Krauss acted as the brand’s exclusive broker in both transactions as Jersey Mike’s continues its aggressive expansion within its home state.

The sandwich shop leased 1,736 sq. ft. at 557 North Franklin Turnpike in Ramsey, New Jersey. The site, which formerly housed a TCBY, is expected to open by early September.

August 18, 2014

Cushman & Wakefield’s retail team in New Jersey has taken on three new leasing assignments, with projects spanning the Northern New Jersey market, in Morris, Essex and Hudson counties.

East Rutherford, N.J. -- Cushman & Wakefield’s retail team in New Jersey has taken on three new leasing assignments, with projects spanning the Northern New Jersey market, in Morris, Essex and Hudson counties.

August 18, 2014

Cushman & Wakefield’s retail team in New Jersey has taken on three new leasing assignments, with projects spanning the Northern New Jersey market, in Morris, Essex and Hudson counties.

East Rutherford, N.J. -- Cushman & Wakefield’s retail team in New Jersey has taken on three new leasing assignments, with projects spanning the Northern New Jersey market, in Morris, Essex and Hudson counties.

August 18, 2014

Vietnamese noodle restaurant Pho 99 and nail salon Affinity Nails & Spa have leased a combined 7,700 sq. ft. of space at Eatontown Plaza in Eatontown, New Jersey, announced Levin Management, exclusive leasing agent for the 30,000-sq.-ft. center.

Eatontown, N.J. -- Vietnamese noodle restaurant Pho 99 and nail salon Affinity Nails & Spa have leased a combined 7,700 sq. ft. of space at Eatontown Plaza in Eatontown, New Jersey, announced Levin Management, exclusive leasing agent for the 30,000-sq.-ft. center.

The lease signing brings Eatontown Plaza to 100% occupancy.

August 14, 2014

Almost one-in-three (31%) of U.S. consumers say wanting to see/feel items in person would make them shop at a physical store instead of online.

Princeton, N.J. – Almost one-in-three (31%) of U.S. consumers say wanting to see/feel items in person would make them shop at a physical store instead of online. According to a survey of more than 1,000 U.S. consumers conducted by digital agency Ripen E-commerce, almost as many (29.9%) wanting to buy an item immediately would spur them to make an in-person purchase.

Other responses include:

• 16.9% believe it protects their privacy

August 8, 2014

Simon, in concert with joint-venture partner PREIT-Rubin, has broken ground on Gloucester Premium Outlets in Gloucester Township, New Jersey, a multi-million dollar upscale outlet destination that will bring more than 80 retailers to the southern New Jersey market.

Indianapolis -- Simon, in concert with joint-venture partner PREIT-Rubin, has broken ground on Gloucester Premium Outlets in Gloucester Township, New Jersey, a multi-million dollar upscale outlet destination that will bring more than 80 retailers to the southern New Jersey market.

August 6, 2014

The Fresh Market will open a 23,000-sq.-ft. store at The Village at Livingston (New Jersey)

Livingston, New Jersey — The Fresh Market will open a 23,000-sq.-ft. store at The Village at Livingston (New Jersey), occupying a portion of the center’s former Pathmark store. The store is slated to open fall 2014.

The 93,000-sq.-ft. shopping center, which is managed and developed by Eastman Companies of Livingston, features tenants Olive Garden, GameStop, Wine Legend, Karate USA, Hudson City Savings and Zen Japanese Cuisine.

August 5, 2014

On dates ranging from October 19, 2013 and April 10, 2014, hackers compromised the security of credit card processing systems at 33 locations of the P.F. Chang’s restaurant chain in Florida, Maryland, New Jersey, Pennsylvania, Nevada and North Carolina, and may have stolen consumer credit card data.

Scottsdale, Ariz. – On dates ranging from October 19, 2013 and April 10, 2014, hackers compromised the security of credit card processing systems at 33 locations of the P.F. Chang’s restaurant chain in Florida, Maryland, New Jersey, Pennsylvania, Nevada and North Carolina, and may have stolen consumer credit card data. The U.S. Secret Service notified P.F. Chang’s of the breach on June 10, 2014 and P.F. Chang’s says it has been processing credit card numbers securely since June 11.

August 1, 2014

Dental practice Brighter Dental Care has leased 2,600 sq. ft. of the second floor at The Hills Village Center in Bedminster, New Jersey, according to Levin Management, exclusive leasing and managing agent for the 110,800-sq.-ft. center.

Bedminster, N.J. -- Dental practice Brighter Dental Care has leased 2,600 sq. ft. of the second floor at The Hills Village Center in Bedminster, New Jersey, according to Levin Management, exclusive leasing and managing agent for the 110,800-sq.-ft. center.

July 22, 2014

Staples has leased a 14,000 sq. ft. space at North Village Shopping Center in North Brunswick, N.J. Levin Management, exclusive leasing and managing agent for the 132,000-sq.-ft. center, negotiated the lease.

North Brunswick, N.J. - Staples has leased a 14,000 sq. ft. space at North Village Shopping Center in North Brunswick, N.J. Levin Management, exclusive leasing and managing agent for the 132,000-sq.-ft. center, negotiated the lease.

July 18, 2014

Dress Barn has renewed its lease for 4,200 sq. ft. at Summit Plaza in Hackensack, New Jersey.

Hackensack, N.J. -- Dress Barn has renewed its lease for 4,200 sq. ft. at Summit Plaza in Hackensack, New Jersey. The 100,000-sq.-ft. retail property is owned and managed by Alfred Sanzari Enterprises.
 

July 18, 2014

Dress Barn has renewed its lease for 4,200 sq. ft. at Summit Plaza in Hackensack, New Jersey.

Hackensack, N.J. -- Dress Barn has renewed its lease for 4,200 sq. ft. at Summit Plaza in Hackensack, New Jersey. The 100,000-sq.-ft. retail property is owned and managed by Alfred Sanzari Enterprises.
 

July 16, 2014

National Realty & Development Corp. announced that Hobby Lobby has opened its 56,000-sq.-ft. store at Pohatcong Plaza in Phillipsburg, New Jersey.

Phillipsburg, N.J. -- National Realty & Development Corp. announced that Hobby Lobby has opened its 56,000-sq.-ft. store at Pohatcong Plaza in Phillipsburg, New Jersey.

Pohatcong Plaza is a 562,000-sq.-ft. power center located at the intersection of Route 22 and Greenwich Road, 1/2 of a mile northwest of Interstate-78 off of Exit 3.

July 16, 2014

National Realty & Development Corp. announced that Hobby Lobby has opened its 56,000-sq.-ft. store at Pohatcong Plaza in Phillipsburg, New Jersey.

Phillipsburg, N.J. -- National Realty & Development Corp. announced that Hobby Lobby has opened its 56,000-sq.-ft. store at Pohatcong Plaza in Phillipsburg, New Jersey.

Pohatcong Plaza is a 562,000-sq.-ft. power center located at the intersection of Route 22 and Greenwich Road, 1/2 of a mile northwest of Interstate-78 off of Exit 3.

July 16, 2014

Parent, a company owned by New Jersey-based licensing and memorabilia mogul Joel Weinshanker, has purchased multimedia entertainment retailer Hastings Entertainment for $21.4 million.

Amarillo, Texas – Parent, a company owned by New Jersey-based licensing and memorabilia mogul Joel Weinshanker, has purchased multimedia entertainment retailer Hastings Entertainment for $21.4 million. The publicly traded Hastings will go private and operate as a wholly owned subsidiary of Parent.

July 16, 2014

RKF announced that two brokerage professionals have been promoted in its New Jersey office.

Rutherford, N.J. -- RKF announced that two brokerage professionals have been promoted in its New Jersey office. Glenn Beyer has been promoted from managing director to senior managing director, while Conor O’Hara was promoted from canvasser to associate.

July 14, 2014

Comedian Tracy Morgan has filed a lawsuit against Wal-Mart Stores claiming the company was negligent in a June 2014 automobile accident involving one of its truck drivers on the New Jersey Turnpike.

Bentonville, Ark. – Comedian Tracy Morgan has filed a lawsuit against Wal-Mart Stores claiming the company was negligent in a June 2014 automobile accident involving one of its truck drivers on the New Jersey Turnpike. On June 7, Wal-Mart truck driver Kevin Roper, 35, allegedly swerved to miss an auto on the New Jersey Turnpike and instead struck a limousine bus carrying Morgan and several associates.

July 10, 2014

In a settlement with the state of New York over a complaint by a New Jersey resident who was asked to cover her breast while nursing in a Nanuet, New York, store, Barnes & Noble has agreed to educate employees about its policies regarding public breast-feeding.

New York – In a settlement with the state of New York over a complaint by a New Jersey resident who was asked to cover her breast while nursing in a Nanuet, New York, store, Barnes & Noble has agreed to educate employees about its policies regarding public breast-feeding. As part of the agreement, Barnes & Noble also agreed to strengthen procedures for resolving customer complaints and to make a $10,000 donation to the Rockland County Breastfeeding Promotion and Support Program.

July 9, 2014

Two long-term lease agreements totaling 6,600 sq. ft. bring retail occupancy to 100% at Bayshore Plaza in Barnegat, New Jersey, according to the 59,000-sq.-ft. property’s leasing and managing firm Levin Management.

Barnegat, N.J. — Two long-term lease agreements totaling 6,600 sq. ft. bring retail occupancy to 100% at Bayshore Plaza in Barnegat, New Jersey, according to the 59,000-sq.-ft. property’s leasing and managing firm Levin Management. 

The new tenants include casual Italian restaurant Luigi’s Ristorante and Brick Oven Pizza (2,400 sq. ft.) and non-profit green initiative Greensleeves Boutique (4,200 sq. ft.).

July 7, 2014

Following a difficult first quarter of fiscal 2014 where it missed Wall Street estimates on both profits and sales, Bed, Bath & Beyond has authorized a new $2 billion share repurchase program.

Union, N.J. – Following a difficult first quarter of fiscal 2014 where it missed Wall Street estimates on both profits and sales, Bed, Bath & Beyond has authorized a new $2 billion share repurchase program.

The company said it expects to complete the new buyback during its fiscal 2016.