Press Release brought to you by NAI James E. Hanson

NAI Hanson Announces Lease of 57,000-SF Paramus Retail Site to PGA Tour Superstore

09/06/2012

 

NAI Hanson Announces Lease of 57,000-SF Paramus Retail Site to PGA Tour Superstore

NAI James E. Hanson's retail team today announced the biggest new retailer on the Route 17 corridor in years. PGA Tour Superstore has leased 57,000 square feet of retail space on Route 17 south in Paramus, N.J. at the former Einstein Moomjy Furniture store. The new tenant will open its New Jersey's flagship Golf and Tennis Pro Shop -- the 15th national retail location for the chain -- in late 2012. The Superstore is the PGA Tour's exclusive retail partner. The company's controlling owner and chairman is Arthur Blank, retired co- founder of Home Depot and current owner of the Atlanta Falcons.

The NAI Hanson team of Executive Managing Director of Corporate Services Michael G. Walters, SIOR, Vice President Ronald A. Fotiu and Sales Associate Jill Gordon represented the property's owner, the Emil Buehler Trust Fund. Hanson is also managing this property, as well as adjacent properties at 305 & 315 Route 17 South.

The buyer was attracted by accessibility to the site, which is located on Route 17 Southbound in between two major interchanges to the Garden State Parkway, Midland Avenue and Century Road, providing customers with convenient u-turn access to the highway.

The building was previously leased by the carpet retail business, Einstein Moomjy.

"Paramus has the most retail sales of any zip code in the Unites States. Route 17 is an extremely busy retail corridor and a favorite shopping destination for New York and New Jersey residents, which will provide PGA with inevitable success," Fotiu said. "PGA Tour Superstores traditionally open just before golf season in the spring, but since this location will benefit from an inordinately high amount of traffic flow, the company has decided to open before the holiday season."

For more information about this or other availabilities, please call 201-488-5800.

About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.

NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 350 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company's Hackensack office at 201-488-5800 or visit www.naihanson.com.

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09/06/2012 - 15:58

Source

NAI James E. Hanson

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