137 Route 17 South in Paramus — Courtesy: NAI James E. Hanson
By Tina Traster
A developer has acquired the second piece of a site in Paramus that’s slated to become a new 2,000-square-foot Dunkin’ store, brokers with NAI James E. Hanson announced.
Located at 137 Route 17 South, the lot spans just under two-thirds of an acre and is adjacent to a property at 134 Gertrude Ave., which RT 17 DEV LLC purchased last year in a deal also brokered by NAI Hanson. The full pad site has been approved for the drive-thru store, boasting a location close to Westfield Garden State Plaza and major roadways such as Route 4, Interstate 80 and the Garden State Parkway.
NAI Hanson’s Jonathan Kristofich, John Schilp and Sigmund Schorr represented both the buyer and the seller, RT 17 & Gertrude Paramus LP, in the latest deal.
“Transactions such as this highlight the unforeseen challenges the pandemic presented our industry and how the lingering effects can still be felt,” Kristofich said. “Luckily, our team is comprised of some of the most experienced and tenacious brokers in the state, which allowed us to combine our resources and expertise to ultimately provide the services needed to finalize the deal for our clients.
Tina Traster is a freelance writer and the editor of Rockland County Business Journal. She is also a former business writer for Crain’s New York Business, real estate writer for the New York Post and staffer at the Bergen Record.
