PARAMUS, NJ (2025) – The former Shop Rite and adjacent retail spaces in Fair Lawn, New Jersey have been sold. The Goldstein Group, a leading provider of retail real estate services in New Jersey successfully brokered the sale of the shopping center at 17-17 to 17-77 River Road, Fair Lawn, New Jersey, according to Neil Goldstein, Principal of The Goldstein Group.

Marc Palestina, Vice President, CJ Huter, Vice President, Lew Finkelstein, Executive Vice President, and Neil Goldstein for The Goldstein Group represented the seller, 17-77 River LLC and SSM River LLC. The purchaser BSPSS Mid-Atlantic, LLC was represented by Frank Truesdell and John Picco from Cushman & Wakefield.

Originally constructed in the 1990’s and shuttered in June 2023 following Shop Rite’s relocation to a larger facility on Maple Avenue, the River Road property now sits raised for transformation. The sale of the 6.45-acre site included a vacant 54,500 square foot former ShopRite, a freestanding Walgreens, and a 14,900 square foot strip center anchored by Sherwin Williams. The site sold for $14,000,000.00.

“The purchaser has plans to reposition the former ShopRite space for a new use,” noted Palestina. “While the property was initially introduced to the market for lease, a strategic sale opportunity materialized, prompting ownership to shift strategy and move forward with the sale.”

The property benefits from quick access to major routes like Routes 208, 4 and 17 as well as Interstate 80, offering unmatched regional connectivity. Additionally, it’s located in proximity to local professional offices, educational institutions, residential areas and several multi-housing communities.

About The Goldstein Group

The Goldstein Group, New Jersey’s leading full-service commercial real estate brokerage firm, specializes in owner representation, retailer representation, investment sales and management services. The firm, founded in 1986, represents over 12,000,000 square feet of retail space and numerous national and regional retailers and restaurants. The Company is the New Jersey member of the Retail Brokers Network. As an RBN affiliate, The Goldstein Group provides clients assistance throughout the United States with qualified retail specialists in over 65 offices in the United States and Canada.

For more information on the Retail Brokers Network, visit www.retailbrokersnetwork.com.

For more information, contact Chuck Lanyard at (201) 703-9700, extension 115 or visit the Company’s website at www.thegoldsteingroup.com.

The Goldstein Group Places Nile Dispensary in West New York New Jersey

PARAMUS, NJ (2025) – The Goldstein Group, a leading provider of retail real estate services in New Jersey, announced that Nile Dispensary has leased space at 5409-5411 Bergenline Avenue, West New York, New Jersey according to Neil Goldstein, Principal of The Goldstein Group.

The deal, which consists of an 8,500 sq ft space was brokered by Lew Finkelstein, Executive Vice President, CJ Huter, Vice President and Chris Conway, who represented both the tenant and the landlord, Ortega Associates.

“Cannabis dispensary shops are starting to open more locations throughout New Jersey,” noted Finkelstein. “Due to all the resolutions between the State and the Municipalities, these types of deals take a long time to conclude. This deal was no exception and it took patience and understanding from all the parties to bring this deal to fruition.”

Nile Dispensary of NJ is a licensed cannabis dispensary based in West New York, New Jersey, offering a wide range of premium cannabis products. The dispensary’s mission is to provide a safe, welcoming environment where individuals can find high-quality cannabis products that meet their unique needs. Nile Dispensary of NJ is committed to education, customer service, and being an active member of the community.

About The Goldstein Group

The Goldstein Group, New Jersey’s leading full-service commercial real estate brokerage firm, specializes in owner representation, retailer representation, investment sales and management services. The firm, founded in 1986, represents over 12,000,000 square feet of retail space and numerous national and regional retailers and restaurants. The Company is the New Jersey member of the Retail Brokers Network. As an RBN affiliate, The Goldstein Group provides clients assistance throughout the United States with qualified retail specialists in over 65 offices in the United States and Canada.

For more information on the Retail Brokers Network, visit www.retailbrokersnetwork.com.

For more information, contact Chuck Lanyard at (201) 703-9700, extension 115 or visit the Company’s website at www.thegoldsteingroup.com.