Belleville, N.J. — Cronheim Mortgage has arranged an $11.5 million permanent loan for a 70,450-square-foot shopping center in the Northern New Jersey community of Belleville. Grocer ShopRite anchors the center. Allison Villamagna and Andrew Stewart placed the 12-year loan through Farm Bureau Life Insurance Co. on behalf of the undisclosed borrower.
West Long Branch, N.J. — Marcus & Millichap’s Institutional Property Advisors (IPA) has facilitated the $63 million sale of Consumer Centre, a 293,087-square-foot shopping center located in West Long Branch. Paramount Realty Services acquired the Home Depot-anchored property, which was 96 percent occupied at the time of sale. Brad Nathanson of IPA represented the seller, Site Centers Inc. Tenants at the center, which was built in 1993, include Dick’s Sporting Goods, Buy Buy Baby, Ulta Beauty, DSW, PetSmart and Five Below.
Allendale, N.J. — Azarian Realty Co. has arranged two new leases at Allendale Town Center, a 90,000-square-foot shopping center located in Allendale in Northern New Jersey. Bergen County Pediatric Dentistry will occupy 2,270 square feet and the center, and AM/PM Walk-In Urgent Care will occupy 3,100 square feet. Kevin Pelio of Azarian, which is the exclusive leasing and managing agent for the property, represented both the landlord and tenants in the transactions. Primo Hoagies, a sandwich shop, is also scheduled to open at the center in 2023, leasing 2,008 square …
Morris Township, N.J. — More than twenty tenants have signed leases at Morris Marketplace, a soon-to-be-completed 140,000-square-foot retail center located in Morris Township. Steve Battista and William Lenaz of Jeffrey Realty arranged the leases on behalf of the undisclosed landlord. Located at 191 East Hanover Ave., the shopping center is anchored by a Burlington and Lidl. Tenants that will join the center include Starbucks Coffee, Wells Fargo, AT&T, Optimum, Jersey Mike’s Subs, Habit Burger, Hand & Stone Massage and Facial Spa, European Wax Center, Restore Wellness, Scenthound, Mattress Warehouse, Taco …
Berkeley Heights, N.J. — Connell Co. has unveiled plans for expansion at The Park, a 185-acre mixed-use campus in the Northern New Jersey community of Berkeley Heights. The latest phase of The Park will be known as The District and will comprise five new buildings that will house 328 multifamily units and 190,000 square feet of retail, restaurant and entertainment space. The two multifamily buildings will total 179 and 149 units and will both feature a variety of indoor and outdoor amenities. The first of the three retail buildings will …
Long Branch, N.J. — Three new tenants will join the roster at The Shops at Pier Village, a retail center comprising over 140,000 square feet in Long Branch. Lifestyle brand Salt Life will occupy 3,453 square feet; beauty retailer Strand Salon will lease 5,000 square feet; and healthcare concept Remedy Realm will take over 1,729 square feet. Each of the businesses is scheduled to open by spring of 2023. Ryan Starkman of Pierson Commercial arranged the leases on behalf of Kushner, which acquired the center in 2014. Other tenants at …
North Brunswick, N.J. — Crumbl Cookies has opened a location at The Shoppes at North Brunswick, a retail center located in North Brunswick in northern New Jersey. Crumbl has leased 1,794 square feet of space in the open-air shopping center, which was represented by Kevin Pelio and James Azarian of Azarian Realty Co. in the negotiation. Jerry Johnson of Bennett Williams Commercial represented Crumbl. Other tenants at the property, which comprises 147,055 square feet of gross leasable space, include over 35 national brands.
South Plainfield, N.J. — Super Tropical Foodmarket is set to open a 15,800-square-foot location at Clinton Corners, a retail center located roughly 30 miles outside of New York City in South Plainfield. Other tenants at the 30,300-square-foot shopping center include Burger King and T&J Fish Market. Vanessa Fernandez-Kelty of Levin Management Corp. secured the lease on behalf of the undisclosed landlord.
Weehawken, N.J. — Planet Fitness has signed a 19,317-square-foot retail sublease at Tower Plaza in the northern New Jersey community of Weehawken. The tenant is backfilling part of a space leased to German discount grocer Lidl. Mike Testa and Bill Farkas of Jeffery Realty represented Lidl in the sublease negotiations. Ray Villafana of Franchise Realty represented Planet Fitness.
Teaneck, N.J. — Alfred Sanzari Enterprises will open Marketplace, a 3,350-square-foot food hall in the Northern New Jersey community of Teaneck. Located within the firm’s 670,000-square-foot Glenpointe campus, Marketplace has already received commitments from concepts such as kosher deli Ma’adan, Colombian coffee shop Coffeecol, French-inspired Balthazar Bakery and ice cream maker Sip N Swirl. Marketplace will officially open Friday, Oct. 21. White Lodging will manage the venue.