Updated Sep 18, 2026
Heidenberg Properties Group Leases 59,000 Square Feet To NRG Adventure Park In Paramus, NJ
700 Paramus Park
Building Size
59,000 SF
Asset Type
Retail
Closing
Sep 17, 2026
About this deal
AI
The property involved in the transaction is a 59,000-square-foot retail entertainment venue located at 700 Paramus Park in Paramus, NJ. It is set above a 100,000-square-foot grocery store, contributing to a substantial retail environment.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 700 Paramus Park
- Market: Paramus, NJ
- Landlord: Heidenberg Properties Group
- Tenant: NRG Adventure Park
- Landlord's Representative: Jamie Sackeim - TSCG (The Shopping Center Group)
- Tenant's Representatives: Jerry Welkis & Stephan Miller - Welco Realty
NRG Adventure Park signed the lease for the entertainment venue, which will feature attractions such as a ropes course, trampolines, a climbing wall, and virtual-reality games. This deal is executed under the representation of Jamie Sackeim for the landlord and Jerry Welkis along with Stephan Miller for the tenant.
Players
Paramus Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93