PARAMUS, NJ (MARCH 12, 2018) – President Chuck Lanyard of The Goldstein Group announced the firm has successfully completed the sale of a redevelopment site located at 250 & 300 West Fort Lee Road in Bogota New Jersey which will become a multi family mixed-use development.
Executive Vice President, Lew Finkelstein, and Vice President, CJ Huter, represented both the seller, BR Colony Holdings, and the buyer, River Club Development, in the transaction.
“This was a transaction that took several years to conclude,” noted Lanyard. “CJ & Lew were able to provide outstanding service to both parties to bring the deal to a closing.”
The site is slated for 421 residential apartments across 5 buildings, along with 8,000 square feet of ground floor retail space. Also projected for the site is the development of a pool, clubhouse, dog park and walkway promenade along the Hackensack River. Upon completion, the development could increase the boroughs population of 8,200 people by about 10%.
This location is prime for commuters traveling to and from New York City and offers convenient access to Interstate 80 and Route 4.
About The Goldstein Group
Based in Paramus, N.J., The Goldstein Group was founded in 1986 with a retail focused dedication to providing retail real estate services to its broad customer base. The Goldstein Group puts the best interests of our clients first by offering personal attention, sophisticated research, and strategic business advice. The Goldstein Group represents over 12,000,000 square feet of retail properties, as well numerous national, regional and local retailers and restaurants on an exclusive or preferred basis.
More information on The Goldstein Group and TGG Urban can be found on the company’s website: www.TheGoldsteinGroup.com