Contact Us
Bergenfield Daily Voice serves Bergenfield, Dumont & New Milford
Return to your home site

Menu

Bergenfield Daily Voice serves Bergenfield, Dumont & New Milford

Nearby Towns

Breaking News: Symposium Seeks To Show Bergen Domestic Violence Victims Way To Safety
Business

Paramus Shopping Center Home To H-Mart, DSW Sold To Investment Group

A Paramus shopping center home to H Mart, DSW and PetSmart was recently sold to a real estate property management and investment company.
A Paramus shopping center home to H Mart, DSW and PetSmart was recently sold to a real estate property management and investment company. Photo Credit: Cecilia Levine

A Paramus shopping center home to H Mart, DSW and PetSmart has been purchased by a real estate investment group.

"Paramus Junction" -- directly across from the Garden State Plaza on Route 17 -- last month sold to Deka Immobilien GmBH from Invesco Real Estate and Advance Realty, NorthJersey.com reports.

The sale was arranged by arranged by Cushman & Wakefield, who did not disclose the price.

The 75,000-square-foot property was last sold in 2015 for $24.7 million.

The property's assessed value increased from $22.59 million to $23.13 million after minor renovations, Paramus tax assessor James Anzevino told NorthJersey.com.

Cushman and Wakefield sales specialist Brian Whitmer noted that the property is a prime investment target, having been occupied since its completion in 1992.

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

Bergenfield Daily Voice!

Serves Bergenfield, Dumont & New Milford

Get the news you need to know on the go.

Welcome to

Bergenfield Daily Voice!

Serves Bergenfield, Dumont & New Milford

Hi! You've read our articles so we know you like our reporting. To keep reading please join our mailing list.

Get important news about your town as it happens.