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700 Paramus Park

Updated Sep 18, 2026

Heidenberg Properties Group Leases 59,000 Square Feet To NRG Adventure Park In Paramus, NJ
LEASEDRetail

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:

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.

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Players

Jerry Welkis

Welco Realty

Broker

9 deals

Broker
NRG Adventure Park
NRG Adventure ParkBuyer
Heidenberg Properties Group
Heidenberg Properties GroupLandlord

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

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