Linda Moss

Reporter, New Jersey

<div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>Global retailer Ikea plans to acquire its Paramus, New Jersey, location — whose history includes a once-mighty department store chain, the world's largest mural, artist Salvatore Dali and Donald Trump — for $75 million from an affiliate of Vornado Realty Trust.</p></div></div>

United States

Retail

Home-Furnishings Retailer Plans Acquisition From Vornado Affiliate

Ikea To Purchase Its Storied Paramus, New Jersey, Site for $75 Million

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CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

CoStar has introduced a new market-based program recognizing the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction will be singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

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Ikea To Purchase Its Storied Paramus, New Jersey, Site for $75 Million

Home-Furnishings Retailer Plans Acquisition From Vornado Affiliate

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