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Parea Restaurant serves Northwest Indiana's and Valparaiso's finest steaks, seafood, and chops. Located at 69 S Franklin Street on the historic downtown square in Valparaiso, Indiana, Parea's Greek influence on upscale cuisine makes it a must for any connoisseur of fine dining. The Bar at Parea offers a warm and friendly atmosphere where business professionals and those seeking a good time come to congregate. Parea literally means, Where Friends Gather, and we invite you to gather with us.