M id A tlantic Real Estate Journal — Retail Development Reimagined — August 28 - September 10, 2020 — 7A
www.marej.com
R etail D evelopment R eimagined
Duck Donuts and The UPS Store lease space in Sprout Brook Center NIA National Realty’s Gregory Panayoti completes 5,050 s/f retail lease in Bergen County
P
ARAMUS, NJ — Greg- ory Panayoti , vice pres- ident of NIA National
Realty , has negotiated a 5,050 s/f re- tail lease in Paramus. At 66 North Rte. 17, Para- mu s , P a n - ayoti leased 5,050 s/ f to F u r n i t u r e
Sprout Brook Center
Gregory Panayoti
have a tasty new breakfast, coffee and donut spot right next door to an excellent new loca- tion for copy, print and mailbox services supporting businesses
of all sizes in our market.” Panayoti represented the landlord in these transactions. Both stores are currently under construction. MAREJ
66 North Route 17
of the Rte. 17 retail corridor. Prominent tenants include Vi- tamin Shoppe, Smash Burger and Jenny Craig.
“We welcome Duck Donuts and The UPS Store to the Paramus retail market at busy Sproutbrook Center. We now
Expo. Furniture Expo sells quality, imported and Italian leather furniture and is very excited to be open for business and a be a part of the Paramus community. This mixed use building was recently reno- vated and has excellent curb appeal. The store is easily ac- cessible as it is right on Rte, 17 just North of Rte. 4. “Furniture Expo has a promi- nent space in Clifton and we’ve been working with them for quite some time to find a sec - ond location in the Paramus market. With over 30 years in business they were very particular about what that would look like. When a space became available in the NIA building fronting busy Rte. 17, they jumped at the chance. We wish them continued success.” Panayoti was the only broker involved in this transaction. Also in Paramus, Panayoti leased 1,429 s/f to Duck Donuts and 1,674 s/f to The UPS Store. Sprout Brook Center is a busy retail property in the heart Bennett Williams Commercial inks 1600 s/f lease YORK, PA — Bennett Wil- liams Commercial has ar- ranged the sale/lease of the following transactions: 1,600 s/f retail space at Val- ley Park Commons, 1650Wesel Blvd., Washington County, MD. Great Clips leased the space from Hagerstown Pla- za, LLC. Abe Khan, Brad Rohrbaugh, and Chad Stine of Bennett Williams Commer- cial represented the landlord in the transaction. 1,400 s/f retail space at West Valley Marketplace, 1091 Mill Creek Rd., Lower Macungie Twp. Rakkii Ramen leased the space from SUSO 4 West Val- ley, LP. Blake Shaffer, Adam Hagerman , Rohrbaugh, and Stine of Bennett Williams Commercial represented the landlord. MAREJ
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