Tackle World Acquires Retail Property In Paramus From Rafael Mousserie For $6.15M

The property involved in this transaction is located at 461 New Jersey Highway 17 in Paramus. This retail asset was sold for $6,150,000 and comprises 16,920 square feet, resulting in a price per square foot of $363.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,150,000
• Address: 461 New Jersey Highway 17
• Market: Paramus
• Size: 16,920 SF
• Price per SF: $363
• Buyer: Tackle World
• Seller: Rafael Mousserie
• Buyer's Representative: Henry Song - Sotheby's International Realty
• Seller's Representatives: Marc Palestina, Lew Finkelstein & CJ Huter - The Goldstein Group

This sale marks a significant acquisition for the buyer, who plans to establish their first state-of-the-art retail location in the area. The seller, a long-time client, was expertly represented by brokers Marc Palestina, Lew Finkelstein, and CJ Huter. The collaboration with Henry Song, representing the buyer, facilitated the successful closure of this transaction.