PHILADELPHIA—Unconventional uses like fitness, food, and medical are likely to replace department stores in many retail mall settings, CBRE's Gartner says.
UNION CITY, NJ—Sun Equity Partners says it purchased the landmark complex with the intent of providing existing tenants improved work environments and attracting new artists and commercial users.
PHILADELPHIA—Accesso, chosen from 100 potential buyers, kept its promise, made significant improvements and has raised occupancy from 82% to 92.3% in the past 18 months.
WOODBRIDGE, NJ—Family-built in 1980 and under the same ownership since, Colonial Square Mall is a popular local neighborhood destination, and is fully occupied.
HARRISBURG, PA—Built in 2006, the property is anchored by an independent 125,000-square-foot Target and 98,000-square-foot JCPenney, which includes in-store Sephora and Disney Store concept shops.
IRVINGTON, NJ—Since Novus acquired and renovatedthe 40 & 50 Union Avenue complex in Irvington, NJ in 2014, the two-building, 72,000-square-foot office campus has emerged as a gateway for area hospitals and not-for-profit health services organizations.
VOORHEES, NJ—Morningstar Credit Ratings' CMBS report also identifies two Office Depot locations in New Jersey that are already “dark,” or unoccupied, but which still are part of the property portfolio supporting a mortgage-backed security.