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57°
Friday, nov 15
Tag:
Deka Immobilien GmBH
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…