Cherry Hill, N.J. — PREIT has signed leases with five new tenants at its Cherry Hill Mall, a 1.3 million-square-foot shopping center located in Cherry Hill. The addition of a 120,000-square-foot DICK’s House of Sport will anchor the center, which is scheduled to open in 2026. The athletics retailer will offer in-store experiences such as a rock-climbing wall, multiple golf bays with TrackMan simulators, an outdoor track and field, as well as a multi-sport cage that customers can use to test products. DICK’s House of Sport will replace the former One …
North Plainfield, N.J. — Levin Management Corp. (LMC) has appointed Jeanette Oliver, an industry veteran with more than 25 years of experience in the real estate and development industries, to the role of chief financial officer. Oliver previously served as chief accounting officer at Silverstein Properties Inc. and as an accounting director at Forest City Ratner Cos. In her new role, Oliver will be responsible for LMC’s finance, accounting, budgeting, credit, cash management and lease administration functions.
Fort Lee, N.J. — New Jersey-based The Goldstein Group has brokered the $37 million sale of Washington Bridge Plaza, a 47,000-square-foot retail center located in the Northern New Jersey community of Fort Lee. Walgreens anchors the property. Other tenants at the center include The Gyro Project, Bon Epi, Fort Lee Vision, Binghamton Bagel & Deli, Belle Journée Bakery, Revolving Sushi, Punta Cana, 101 Chicken and Pho Today. CJ Huter, Marc Palestina and Lew Finkelstein of The Goldstein Group represented the 1031-exchange buyer, Young Property LLC, in the transaction. Baruch Herman of …
Watchung, N.J. — A new ShopRite store has opened at Blue Star Shopping Center in Watchung. The supermarket spans 72,000 square feet and is the anchor of the 420,000-square-foot shopping center. Dubbed the “New Star of Blue Star,” the store — which replaced an older ShopRite at the center — will offer customers chef-prepared meals, specialty and premium items, meat and seafood options, hand-rolled sushi and a soup and coffee bar. Village Super Market has owned and operated the ShopRite store at Blue Star Shopping Center since 1980. Additional tenants …
Hazlet, N.J. — CBRE has arranged the $44 million sale of Hazlet Town Center, a 190,000-square-foot shopping center located in Hazlet, approximately 40 miles outside New York City. The center — which is anchored by ALDI — was 90 percent leased to tenants including Burlington and Urban Air at the time of sale. The center also features a Wawa outparcel, which was not included in the sale. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, OASG Hazlet LLC, an affiliate of Onyx Equities, in the 1031-exchange transaction. …
Clifton, N.J. — Five new tenants have signed leases to join The Promenade Shops at Clifton, a 160,000-square-foot shopping center located in Clifton, roughly 10 miles west of New York City. Sephora, J. Alexander’s, Paris Baguette and VIO Med Spa have already opened at the property, with Ann Taylor scheduled to open a factory outlet at the center in October 2025. Additionally, four existing tenants at the center — Chicos, LA Fitness, PNC Bank and CityMD — have extended their leases. The shopping center — which opened in 2008 — …
Burlington, N.J. — Cronheim Mortgage has facilitated a $31 million financing for Liberty Square Center, a 358,000-square-foot shopping center located in the Philadelphia suburb of Burlington. An affiliate of National Realty and Development Corp. is the borrower. The 10-year loan features a 30-year amortization period and a step-down prepayment structure. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim secured the financing through a life insurance company on behalf of the borrower. Liberty Square Center is anchored by a Walmart Supercenter. Additional tenants at the property, which was 99.5 percent …
Brick, New Jersey — East Windsor, New Jersey-based TFE Properties has acquired The Shops at Brick, a 103,832-square-foot shopping center located in Brick. Bonefish Grill and McDonald’s are tenants at the property. Tenant spaces ranging from 1,700 square feet to 35,000 square feet are vacant and available for lease. Additionally, the property’s former ALDI and Big Lots stores comprise more than 50,000 square feet of vacant space for use. TFE Properties plans to upgrade the building façade. This sale marks the fifth property TFE Properties has acquired in Brick. Kevin …
East Brunswick, N.J. — Three new tenants have signed leases at Legacy Place, a mixed-use development in East Brunswick. Bonesse’s Tomato Apizza, H20 Henna Hues Organic and Kumon will occupy 3,010; 1,700; and 1,360 square feet at the property, respectively. The businesses will be situated on the ground floor of the development’s mid-rise apartment building at One Legacy Place. One retail space is still available for lease. Its sister building, Two Legacy Place, is currently under development and will include 9,000 square feet of additional retail leasing opportunities. Michael Gartenberg of Garden …
Hamilton Township, N.J. — Marcus & Millichap has facilitated the $8.3 million sale of Quakerbridge Shoppes located in Hamilton Township, a suburb of Trenton. The retail center — which totals 42,912 square feet and sits on roughly five acres — houses 18 tenants including Northfield Bank and Villa Maria Restaurant. Alan Cafiero and Brent Hyldahl of Marcus & Millichap marketed the property on behalf of the undisclosed seller and procured the buyer in the transaction.
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