A rendering of the newest addition to Paramus Crossroads at 289-315 Route 17 South in Paramus — Courtesy: Advance Realty
By Joshua Burd
Three restaurants have leased space along Route 17 in Paramus, where Advance Realty is set to deliver a new 40,000-square-foot addition to an existing shopping center.
The developer on Monday announced the commitments by Firenza Pizza, Jersey Mike’s and Mamoun’s Falafel. They will join the tenant roster at the new building at Paramus Crossroads, a complex at the intersection of the Garden State Parkway.
The new addition, which is slated for delivery this month, will bring the property to 141,825 square feet, while the new operators will join existing tenants such as a PGA Tour Superstore and P.C. Richard & Son.
Dartmouth Co. Vice President Jamie Sackeim and Senior Associate Vicki Ezra represented Advance in the deals. Gary Krauss of Pierson Commercial represented Mamoun’s and Jersey Mike’s, while Cushman & Wakefield Senior Director David Townes represented Firenza Pizza.
“As we near completion of Paramus Crossroads, we are seeing tremendous anticipation for the project, as evidenced by our lease agreements with these highly sought-after restaurants,” said Peter J. Cocoziello, Advance Realty’s founder and CEO. “We’re extremely excited to add them to Paramus’ eclectic mix of dining options and look forward to bringing additional businesses to what is truly a first-class shopping and dining destination.”
Advance is developing the new retail and dining complex at the former site of an aging office building. Designed to accommodate a diverse mix of retailers, including restaurants, the property will have access to outdoor seating and benefit from signage that is visible from both sides of Route 17 and the Parkway.
Accessibility to the development will include direct right-in and right-out access on Route 17 South and accessibility from Route 17 North via a turnaround at Midland Avenue.
“Paramus Crossroads is situated in the heart of one of the most prominent shopping destinations in the United States,” Sackeim said. “Not only does the site provide retailers with incredible access to a densely populated area with more than 1.4 million people within 10 miles, it’s also just a short drive to the Westfield Garden State Plaza — the third-largest mall in the New York metropolitan area and a powerful attraction for shoppers all year round.”