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Saturday, nov 23
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Cushman & Wakefield
Lifestyle
Restaurant-Caterer Pag's Moving From Paramus To Nutley
Pag's, a restaurant and catering venue now based at the Paramus Golf Course, has just signed a lease agreement for a space in Nutley, real estate services firm Cushman & Wakefield announced Monday. The dining venue will relocate in what Cushman & Wakefield described as an expansion move to 227 Franklin Ave., site of the former Kyoto Buffet. "Under the direction of Chef David Paglia, Pag’s serves both quality interpretations of classic American dining dishes and “daring new ventures into the uncharted territories of food,” according to the restaurant’s website. Pag's ope…
Real Estate
$60M Loan Funds 13-Acre Multifamily Development In Bogota
A $60 million construction loan was recently advised for a construction project bringing luxury apartments and retailers to Bogota. The loan was advised by Cushman & Wakefield’s Equity, Debt & Structured Finance (EDSF) team will fund Phase I of the River Club complex, which broke ground last fall on West Fort Lee Road. The development will include 8,000-square-foot clubhouse featuring fitness and media rooms 5,000-square-foot outdoor amenity area with an infinity-edge heated pool, theater, natural grass grills Riverfront walkway with dog park On-site NJ Transit bus …
News
Bergen County Krispy Kreme Has Opening Date
Bergen County will soon be home to New Jersey's third Krispy Kreme store. The 3,200-square-foot East Rutherford shop is expected to open in October at 51 Route 17 S., Cushman & Wakefield announced Wednesday. The beloved doughnut shop will be moving into the stand-alone facility, formerly home to a Capital Bank. Krispy Kreme's two other New Jersey stores are located in Collingswood and Jersey City.
Business
Paramus Shopping Center Home To H-Mart, DSW Sold To Investment Group
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, Paramu…
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