CBRE announces sale of 303K sq. ft. plaza in Paramus

By Emily Bader
Paramus | Nov 14, 2018 at 12:50 pm

CBRE announced Wednesday the sale of the Country Club Plaza in Paramus.

Jeffrey Dunne, Jeremy Neuer, Travis Langer and Zachary McHale of CBRE Institutional Properties represented the partnership of Garrison Investment Group and Onyx Equities in the sale of the plaza. The team also procured the buyer, Premium Capital Resources.

The 303,777-square-foot property is comprised of two buildings and is located at 115 and 117 W. Century Road.

Since acquiring the buildings in 2016, Garrison and Onyx invested more than $3.2 million in upgrades, including a new lobby and landings, new elevator cabs, and a shared conference space.

“Premium Capital Resources will enjoy long-term investment grade income from this premier office asset,” Dunne said.

“Onyx, in partnership with Garrison, has restored Country Club Plaza as one of the preeminent office assets in the submarket. Country Club Plaza joins their long list of successful value-add projects in the tri-state region,” Neuer said.

Emily Bader | ebader@roi-nj.com | emilybader