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REIT strikes deal to sell piece of New Jersey mall for apartments

Russo Development plans second multifamily project in Bergen County retail area
A portion of Bergen Town Center East is being sold for $25 million to be developed for multifamily use. The overall site includes several retailers, such as Lowe's. (CoStar)
A portion of Bergen Town Center East is being sold for $25 million to be developed for multifamily use. The overall site includes several retailers, such as Lowe's. (CoStar)
CoStar News
February 12, 2025 | 10:36 P.M.

Urban Edge Properties has a deal to sell part of Bergen Town Center to a multifamily developer, which would make that mall the third one in Paramus, New Jersey, to have housing coming in a trend sweeping retail real estate nationally.

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