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Paterson, New Jersey, Home Depot Store Trades for $34 Million

Price Among Highest for National Chain in Recent Years, Brokerage Says
Home Depot’s store in Paterson, New Jersey, a so-called essential retailer during the pandemic, fetched a high price. (CoStar)
Home Depot’s store in Paterson, New Jersey, a so-called essential retailer during the pandemic, fetched a high price. (CoStar)
CoStar News
November 18, 2020 | 9:56 P.M.

A property leased to retailer Home Depot in Paterson, New Jersey, has traded for $34 million, just one of a "handful" of the chain's stores that have sold for more than $30 million nationally in the past five years, according to Newmark, the broker on the deal.

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