Olshan Properties awarded RIPCO Real Estate the leasing and marketing assignment of its property the Atrium at Fashion Center, including the 48,000-square-foot ground floor space located on Route 17 North at 34 E. Ridgewood Ave. in Paramus.
Curtis Nassau and Matt Grundy of RIPCO will be the exclusive agents for the Atrium at Fashion Center.
“The Atrium at Fashion Center is arguably one of the best retail sites in the state,” said Nassau, an executive vice president at RIPCO.
According to Grundy, “This new-to-market opportunity offers great accessibility to the Paramus community, and we are looking forward to securing one or multiple national tenants to backfill this space.”
Situated in the heart of New Jersey’s top retail corridor with great access to both local and regional traffic, the site can be accessed directly from Route 17, East Ridgewood and Winters avenues, and is just off the Garden State Parkway and north of Route 4.
Current tenants of the Fashion Center include Best Buy, TJ Maxx, BuyBuy Baby and Amazon Fresh, which is currently under construction. Co-tenancy along this section of Route 17 features some of the best-in-class retailers, which includes HomeGoods, Crate and Barrel, Marshalls, Hobby Lobby, Panera and Shake Shack. The property offers great parking and pylon signage visible to 137,000 cars a day on Route 17.
In addition to the terrific road network, Paramus retail is driven by a dense population of approximately 350,000 residents with high median household incomes of $127,000 per year and 160,000 people working within a five-mile radius. Additionally, retail at the Fashion Center is supported by a strong office and hotel population and the new Valley Hospital Campus across Winters Avenue, which is scheduled to employ more than 6,000 people.