A joint venture partnership between Heidenberg Properties Group, Red Starr Investments, Norse Realty Group and DAG Paramus announced the acquisition of the Paramus Park South in Paramus, N.J. Paramus Park South is a 181,150-square-foot shopping center anchored by a 100,223 square foot Stew Leonard’s Supermarket and a 21,934 square foot Atlantic Health Systems.
The shopping center is located 23 miles northwest of New York City, occupying a 14-acre site with access from NJ Route 17 and bordering the Garden State Parkway in Paramus, N.J. The center is attached to and has direct access to the neighboring Paramus Park Mall, which is tenanted with more than 60 retailers, including Macy’s, L.L. Bean, Old Navy, Uniqlo, Ulta Beauty and Sephora.
Paramus Park South is currently 67 percent occupied and has approximately 59,000 square feet of upper-level space available, which is ideal for experiential uses. Additionally, the upper level has the potential for prominent signage
