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World Market Leases 19,265 SF Retail Space At Bergen Town Center In Paramus

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LEASED

New Jersey

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Retail19,265 SF
Leased 01/23/2024
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LEASED

World Market Leases 19,265 SF Retail Space At Bergen Town Center In Paramus

Bergen Town Center Drive

See Similar Deals
Retail19,265 SF
Leased 01/23/2024
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Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:19,265 SF
Transaction Type:Lease

World Market has leased over 19,265 square feet at Bergen Town Center in Paramus, making it their first location in Bergen County. The deal was facilitated by CBRE and Urban Edge Properties. This addition to the shopping destination brings more variety to customers, alongside popular stores such as HomeGoods and Marshalls.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not mentioned in the CONTEXT
  • Location: Bergen Town Center Drive, Paramus
  • Market: Paramus
  • Size: 19,265 square feet
  • Landlord: Urban Edge Properties
  • Tenant: Barry Feld - World Market
  • Tenant's Representative: Jeffrey Cohen - CBRE
  • Broker: Leigh Lyons - Urban Edge Properties

The lease agreement at Bergen Town Center in Paramus marks World Market's first foray into Bergen County. CBRE and Urban Edge Properties played integral roles in securing the deal, expanding the retail offerings at the shopping destination.

Players

Jeffrey Cohen
1 deal(484) 567-2368
BROKER

Leigh Lyons
Urban Edge Properties
2 deals
BROKER

Urban Edge Properties
LANDLORD

Details

LEASED
IMAGE: Jeffrey Cohen & Leigh Lyons DATE: 01/23/2024 ADDRESS: Bergen Town Center Drive MARKET: Paramus ASSET TYPE: Retail ~ SF: 19,265 LANDLORD: Urban Edge Properties TENANT: Barry Feld - World Market (@WorldMarket) TENANT'S REP: Jeffrey Cohen - CBRE (@CBRE) BROKER: Leigh Lyons - Urban Edge Properties (@UEProperties) NOTE: World Market is leasing over 19,265 square feet at Bergen Town Center in Paramus, its first location in Bergen County. The deal, facilitated by CBRE and Urban Edge Properties, adds to the shopping destination's offerings alongside HomeGoods, Marshalls, and others.

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Deal Type
Effective Rent (Annual)

$1,104,258.17

Total Lease Value

$11,042,581.75

Net Landlord Cash Flow$1,104,258.17