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Paramus, N.J. — A joint venture between Advance Realty and Invesco Real Estate is set to break ground on a 40,000-square-foot retail redevelopment roughly 22 miles outside New York City in Paramus, New Jersey.
The partnership will demolish an antiquated office building located at 289-315 Route 17 South, and develop a new shopping center titled Paramus Crossroads. The property will complement the site’s two existing buildings, which are occupied by PGA Tour Superstore and P.C. Richard & Son. Completion is expected for summer 2018. Jamie Sackeim and Vicki Ezra of The Dartmouth Co. will serve as exclusive leasing agents for the property.