Rare Grocery-Anchored Deal: Park Ridge Shopping Center Sells For $17M
A 71,650-square-foot grocery-anchored retail center in Bergen County has been sold for $17 million, according to Marcus & Millichap, the brokerage that assisted in the sale
Ridgemont Shopping Center attracted significant interest, with more than 20 offers from investors, highlighting its prime location and tenant mix, the firm said.
The property, anchored by Lidl, is home to 12 national and regional tenants, including Staples, Chase Bank, and Starbucks, at 169-199 Kinderkamack Road in Park Ridge.
Marcus & Millichap’s Alan Cafiero, David Cafiero, and John Moroz, along with…
Brewing Tensions: Starbucks Strike Expands To 9 States, Including NY
A Starbucks workers' strike, which began in select stores, has expanded to nine states as employees push for better wages and working conditions during the holiday rush.
The strike, led by Starbucks Workers United, demands higher pay and improved staffing to address what employees describe as chronic understaffing during peak hours.
Workers at dozens of stores in New York, New Jersey, and Pennsylvania joined the strike over the weekend. Starbucks has a total of about 16,000 stores in the US and around 35,000 worldwide.
Over the weekend, picket lines formed at high-traffic stores in N…
Glenpointe Marriott In Teaneck Gets Event Space Upgrades
The Glenpointe Marriott in Teaneck just got a major upgrade.
The project included the replacement of carpeting, wall coverings, paint and furniture throughout the first and second-floor pre-function spaces, boardrooms, and meeting rooms, as well as the 1,200-person capacity ballroom, according to a press release from Alfred Sanzari Enterprises, which managed the project.
The "capital improvement project" was a collaboration between Sanzari Enterprises, HotelStudio, and Kimmerle Newman Architects.
Soho Art Consulting also assisted in bringing in commissioned artwork from New Jersey art…
