PARAMUS, NJ—Bob's Discount Furniture, a regional furniture retailer with 57 showrooms in 11 states in the Northeast and mid-Atlantic regions, has leased the former Fortunoff Building at 150 Route 17 northbound in Paramus, NJ.
The property has not had a permanent tenant since July 2009. Ripco Real Estate's
New Jersey team, led by Ira Kerner and Alison Horbach, started working on the assignment in October 2014. The free-standing 39,000 square foot retail building on approximately 2.75 acres has terrific access and is conveniently located between Century Road and Midland Avenue. The site is easily accessible to Route 4, The Garden State Parkway and Route 208.
“With around 150,000 cars passing this highly visible signature Route 17 location daily, this should be a terrific location for Bob's,” says Ripco's Kerner.
“With five major regional malls (Garden State Plaza, Paramus Park, Fashion Center, Shoppes at Riverside, and Bergen Town Center) within 3-miles of the site, Bob's will be in a great position to capitalize on the existing retail traffic,” says Horbach.
BKR Services represented Bob's in this transaction.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
