Positioning Retail Real Estate for a New Generation

August 17, 2016

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Raymour & Flanigan Outlet is Now Open at Paramus Place in Paramus

National Furniture Chain Occupies 41,300 SF at Levin-Managed Shopping Center

PARAMUS, N.J., Aug. 17, 2016 – Raymour & Flanigan recently celebrated the grand opening of its first New Jersey outlet store at Paramus Place in Paramus. The national furniture chain occupies 41,300 square feet on two floors at the 261,300-square-foot shopping center, which is exclusively leased and managed by Levin Management of North Plainfield, N.J.

“We are thrilled to welcome Raymour & Flanigan to Paramus Place,” said Jordan Korris, Levin’s leasing representative for the property. “This retailer is a proven and nationally recognized brand whose presence will add something new and complementary to the strong tenant mix already in place at the center. We are excited to be part of Raymour & Flanigan’s continued expansion and growth throughout the Garden State.”

Raymour & Flanigan is one of the Northeast’s largest furniture retailers with approximately 90 full-line showrooms featuring products from the best brands and suppliers in the industry. Raymour & Flanigan outlet centers offer consumers incredible savings on furniture and mattresses from leading manufacturers.

Located directly on Route 4 west in one of Bergen County’s most sought after retail corridors, Paramus Place serves a growing residential population of more than 606,000 people within a five-mile radius and a daytime population of 311,000 people within those same five miles. The marketplace offers an average household income of $87,400, and the daily traffic count exceeds 141,000 vehicles per day on Route 4 and Spring Valley Road. Anchored by a 125,000-square-foot Kohl’s, the center’s tenant mix includes Tuesday Morning, Panera Bread, Annie Sez, Modell’s, Party City, Lane Bryant, A.C. Moore and Cuts for Kids.

For more than six decades, Levin Management Corporation has been a trusted single-source commercial real estate services provider for institutional and private owners. The firm helps its clients evaluate options, operate properties and create case-specific solutions to protect and improve asset value; it has distinguished itself as a firm large enough to excel in assignments of any scale while continuing to employ a hands-on, proprietary approach in all of its activities. Levin today maintains a diversified, retail-focused portfolio in the Northeast and Mid-Atlantic states, offering leasing, property management, accounting, construction management and marketing.

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