US EditionJLL Brokers $25M Sale of Multifamily Development Site in Paramus, New Jersey
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JLL Brokers $25M Sale of Multifamily Development Site in Paramus, New Jersey
PARAMUS, N.J. — JLL has brokered the $25 million sale of a multifamily development site in the Northern New Jersey community of Paramus. The site is located along Forest Avenue within Bergen Town Center. The buyer, a joint venture between Russo Development and KRE Group, plans to develop 426 units on the site in two phases. Plans also call for Class A amenities and about 5,000 square feet of retail space. Jose Cruz, Ryan Robertson, Steve Simonel…
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