New York City — Urban Edge Properties (NYSE: UE) has purchased a seven-property retail portfolio primarily within the New York City metro area and Missouri for $325 million. The portfolio contains a total of 1.5 million square feet.
Eatontown, N.J. — Kushner Companies and Rouse Properties have created a new joint venture to redevelop Monmouth Mall into the Heights at Monmouth, an innovative mixed-use destination that is expected to create a new destination marketplace for the area’s residents.
Middletown, N.J. — Wegmans Food Markets will open a 130,000-square-foot store at National Realty & Development’s planned The Shoppes at Middletown in Middletown, New Jersey.
Paramus, N.J. — A joint venture between Advance Realty and Invesco Real Estate is set to break ground on a 40,000-square-foot retail redevelopment roughly 22 miles outside New York City in Paramus, New Jersey.
Pompton Plains, N.J. — HFF has arranged the $51 million sale of Plaza 23, a 161,000-square-foot shopping center located roughly 27 miles outside New York City in Pompton Plains, New Jersey.
New Brunswick, N.J. — New Brunswick Development Corp. (Devco) has begun site preparation on the Ferren Mall Parking Deck for The Hub @ New Brunswick Station in New Brunswick.
Hackensack, N.J. — The second phase of a three-phase renovation project has begun on The Shops at Riverside, a shopping mall located roughly 17 miles outside New York City in Hackensack, New Jersey.
New Brunswick, N.J. — Saxum Real Estate has purchased a vacant retail building, located at 37 Easton Ave. in Brunswick, for an undisclosed price.
North Bergen, N.J. — Cushman & Wakefield has arranged the $19 million sale of a shopping center located at 2819 JFK Blvd. in North Bergen, roughly 10 miles outside New York City.
Warren, N.J. — The Klein Group and Sterling Properties Group have received a $17.5 million refinancing for Warren Village Shopping Center, a 61,838-square-foot shopping center located roughly 35 miles outside New York City in Warren.