Content about New Jersey

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.

July 2, 2014

A storefront retail space in downtown Patchogue, New York, has secured leases totaling 7,400 sq. ft., according to North Plainfield, N.J.-based Levin Management.

Patchogue, N.Y. -- A storefront retail space in downtown Patchogue, New York, has secured leases totaling 7,400 sq. ft., according to North Plainfield, N.J.-based Levin Management.

The 23,000-sq.-ft. space at 35-71 South Ocean Ave. will feature sushi restaurant 360 Taiko Sushi & Lounge (4,900 sq. ft.) and apparel retailer Jeans Fashion (2,500 sq. ft.).

June 27, 2014

Planet Fitness will open an 18,000-sq.-ft. facility at 100 Hamilton Plaza in Paterson, New Jersey, the facility will occupy the first-floor retail space in the 175,000-sq.-ft. downtown office tower.

Paterson, N.J. — Planet Fitness will open an 18,000-sq.-ft. facility at 100 Hamilton Plaza in Paterson, New Jersey, the facility will occupy the first-floor retail space in the 175,000-sq.-ft. downtown office tower.

Cushman & Wakefield’s East Rutherford, N.J., office represented the building’s owner, Mountain Development Corp. in the transaction. Ripco Real Estate represented the Planet Fitness franchisee, who operates several other regional locations.

June 27, 2014

Planet Fitness will open an 18,000-sq.-ft. facility at 100 Hamilton Plaza in Paterson, New Jersey, the facility will occupy the first-floor retail space in the 175,000-sq.-ft. downtown office tower.

Paterson, N.J. — Planet Fitness will open an 18,000-sq.-ft. facility at 100 Hamilton Plaza in Paterson, New Jersey, the facility will occupy the first-floor retail space in the 175,000-sq.-ft. downtown office tower.

Cushman & Wakefield’s East Rutherford, N.J., office represented the building’s owner, Mountain Development Corp. in the transaction. Ripco Real Estate represented the Planet Fitness franchisee, who operates several other regional locations.

June 25, 2014

Levin Management has released its annual June survey of store mangers within its 95-property, 13 million-sq.-ft. shopping center portfolio.

North Plainfield, N.J.Levin Management has released its annual June survey of store mangers within its 95-property, 13 million-sq. ft. shopping center portfolio.

June 24, 2014

Rebates for lighting upgrades are alive and well, with rebate organizations having updated their rebate and incentive programs for 2014. Currently, 71% of the country is covered by an active commercial lighting rebate, according to BriteSwitch, Princeton, New Jersey, which helps large national companies take advantage of rebate and incentive programs that exist across the United States and Canada.

Here is a review of major rebate trends from BriteSwitch: 

June 24, 2014

Customer experience: Poorly maintained stores cost sales and dilute the brand and customer experience. Not giving facilities the funding required to keep stores clean and in good condition will impact the bottom line in that customers will shop elsewhere. Today, more than ever, shoppers have high expectations regarding the look and feel of a store, and they also have many more options from which to choose. Dirty restrooms, stained flooring, burned-out lights, poor air conditioning and the like are proven customer turn-offs.

June 20, 2014

dd’s Discounts, a division of Ross Stores, will open its first store in New Jersey, in the town of Ewing, on June 28.

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, will open its first store in New Jersey, in the town of Ewing, on June 28.

Including this new location, dd’s Discounts will operate approximately 140 locations in 11 states. The company is on schedule to complete its expansion plan to open approximately 20 locations in 2014.

Together, Ross Dress for Less and dd’s Discounts currently operate over 1,300 off-price apparel and home fashion stores in 33 states, the District of Columbia and Guam.

June 13, 2014

link Fitness has leased a 15,000-sq.-ft. location at the 80,000-sq.-ft. Clifton Plaza shopping center in Clifton, N.J.

Clifton, N.J. — Blink Fitness has leased a 15,000-sq.-ft. location at the 80,000-sq.-ft. Clifton Plaza shopping center in Clifton, N.J., according to Levin Management (www.levinmgt.com), the property’s managing and leasing agent.

Co-anchored by a 24,000-sq.-ft. Big Lots and a 14,000-sq.-ft. Dollar Tree, Clifton Plaza’s tenant roster includes GameStop, Radio Shack, Angel Tip Nails & Spa, Bruno’s Pizza, Sally Beauty Supply and Valley National Bank.

June 13, 2014

The Children’s Place Inc. has named Susan Sobbott to the board of directors as a Class II director to serve for a three-year term expiring in 2017.

Secaucus, N.J. — The Children’s Place Inc. has named Susan Sobbott to the board of directors as a Class II director to serve for a three-year term expiring in 2017. Sobbott currently holds the position of president of Global Corporate Payments, a global division of the American Express Company. From 2004 to early 2014, she was President and General Manager of American Express Open. The addition of Sobbott expands the company's board of directors to eight.

June 10, 2014

In the wake of an accident involving a truck driver for Wal-Mart Stores on the New Jersey Turnpike on Saturday, June 7 that left comedian Tracy Morgan critically injured and killed one of Morgan’s associates, comedian James McNair, Wal-Mart Stores has released a fact sheet about its trucking safety guidelines, as well an official statement regarding the crash.

Bentonville, Ark. — In the wake of an accident involving a truck driver for Wal-Mart Stores on the New Jersey Turnpike on Saturday, June 7 that left comedian Tracy Morgan critically injured and killed one of Morgan’s associates, comedian James McNair, Wal-Mart Stores has released a fact sheet about its trucking safety guidelines, as well an official statement regarding the crash.

June 4, 2014

This spring, The Mall at Short Hills in Short Hills, New Jersey, welcomes four new boutiques: The Art of Shaving, Calypso St. Barth, Geox and Maje.

New York -- This spring, The Mall at Short Hills in Short Hills, New Jersey, welcomes four new boutiques: The Art of Shaving, Calypso St. Barth, Geox and Maje.

Now open on the lower level, The Art of Shaving offers men’s luxury grooming products.

New Jersey’s first Calypso St. Barth boutique is now open on the upper level. Inspired by travel, culture and the arts, Calypso offers women’s apparel, accessories and home décor.

June 4, 2014

This spring, The Mall at Short Hills in Short Hills, New Jersey, welcomes four new boutiques: The Art of Shaving, Calypso St. Barth, Geox and Maje.

New York -- This spring, The Mall at Short Hills in Short Hills, New Jersey, welcomes four new boutiques: The Art of Shaving, Calypso St. Barth, Geox and Maje.

Now open on the lower level, The Art of Shaving offers men’s luxury grooming products.

New Jersey’s first Calypso St. Barth boutique is now open on the upper level. Inspired by travel, culture and the arts, Calypso offers women’s apparel, accessories and home décor.

May 30, 2014

Advance Auto Parts has signed an 11,382-sq.-ft. lease at Oak Park Commons in South Plainfield, New Jersey, bringing the center’s occupancy rate up to 95%.

South Plainfield, N.J. — Advance Auto Parts has signed an 11,382-sq.-ft. lease at Oak Park Commons in South Plainfield, New Jersey, bringing the center’s occupancy rate up to 95%. Charter Realty & Development co-brokered the transaction with NJ Commercial Realty.

The auto parts retailer will be joining Dollar Tree, A&P, McDonalds, CVS, Subway, GNC, Wells Fargo, Goodyear, RadioShack, and H & R Block.

May 30, 2014

Advance Auto Parts has signed an 11,382-sq.-ft. lease at Oak Park Commons in South Plainfield, New Jersey, bringing the center’s occupancy rate up to 95%.

South Plainfield, N.J. — Advance Auto Parts has signed an 11,382-sq.-ft. lease at Oak Park Commons in South Plainfield, New Jersey, bringing the center’s occupancy rate up to 95%. Charter Realty & Development co-brokered the transaction with NJ Commercial Realty.

The auto parts retailer will be joining Dollar Tree, A&P, McDonalds, CVS, Subway, GNC, Wells Fargo, Goodyear, RadioShack, and H & R Block.