Deka Immobilien Acquires 75,000-Square-Foot Shopping Center in Metro New York City

by Alex Tostado

Paramus, N.J. — Deka Immobilien GmBH has acquired Paramus Junction, a fully leased, grocery-anchored shopping center located in the New York City suburb of Paramus, New Jersey.

The sales price was not disclosed. Located at 60 N. Route 17, the 75,000-square-foot property is occupied by a tenant roster that includes H Mart, DSW, PetSmart and BJ’s Wholesale Club. Deka Immobilien was represented by Madison Marquette in the transaction. The seller, a joint venture between Invesco Real Estate and Advance Realty, was represented by Cushman & Wakefield’s New Jersey capital markets team.

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