News

Latest Lease Transactions

09/29/2017

VP of Retail Leasing, Nicole Johnson and Cortney Rickle are pleased to announce that the Paramount Realty leasing team has recently signed the following leases.
 
•    Virtua has opened a new 6300sf Urgent Care Facility in Westmont Plaza, in Westmont, NJ
•    Target will open a new small format store (approximately 50,000sf) in Westmont, NJ in Summer of 2018.
•    Shoe Carnival will open in The Festival at Exton in October 2017.
•    Home Goods opened at Festival at Mays Landing this Spring.
•    IHOP just signed a lease for the Pad in The Festival at Exton.
•    Seafood Palace signed a lease for 10,000sf in Northeast Towers.
•    Dunkin Donuts signed a pad lease at Quarry Crossings in Downingtown, PA.

Paramount Completes Northeast Tower Center Renovation

09/1/2017

Paramount Realty has completed a multi-million dollar renovation at its Northeast Tower Center in Philadelphia. The upgrades include unique architectural elements across the façades center-wide, a brand new parking lot, and new pylon signage. The 477,000 square foot center is anchored by Wal-Mart and Home Depot with a supporting cast of national tenants including Old Navy, Ross Dress For Less, PetSmart, Staples, and Five Below. Paramount continues to enhance the shopping experience and provide an inviting environment for its tenants and customers at its properties portfolio wide. 

Developer aims to create new Jersey Shore destination at Fort Monmouth

06/23/2017

As featured in Real Estate NJ by Joshua Burd

A developer’s plan to create a new mixed-use gateway at the landmark Fort Monmouth property is taking shape, with the potential to break ground as soon as early next year.

Paramount Sells Marlton Square

12/29/2016

MARLTON, N.J. — Paramount Realty has completed the sale of Marlton Square Specialty Center in Marlton, NJ. Tenants at the Trader Joe’s anchored center include Starbucks, Ethan Allen, Sprint, Chico’s, Yankee Candle, GAP, Charming Charlie and Victoria’s Secret. The property was 100% leased at the time of sale. Brad Nathanson of CBRE represented Paramount and procured the buyer in the deal. 

Recent Leasing Activity

11/8/2016

Paramount Realty has recently negotiated the following new leases:

Home Depot Plaza, located in Bensalem, PA is now home to a newly constructed TJ Maxx and America’s Best Contacts.

Northeast Tower Center will be welcoming dd’s Discounts, Chick Fil A and Five Below to our newly renovated shopping center along Route 1  in Northeast Philadelphia. The center has recently undergone a multi-million dollar facelift.  

I Love Kickboxing, Pet Valu, and Scottrade will join the tenant roster at our Festival at Exton in Exton, PA.

Festival at Hamilton, located along Black Horse Pike in Mays Landing, will be home to a new HomeGoods (TJX Parent), Farmers Insurance, and DermOne.

Shore Plaza has successfully signed a lease with Meathead Subs and they will join the tenant mix at 700 Route 70 in Lakewood, NJ.

Southbridge Fair will be home to a new Great Clips in Southbridge, MA.

Whiting Commons will welcome a new diner to it’s mix!  Martucci’s Flashback Diner has signed on for 2,100 square feet.

Town Hall Shoppes, in Brick, NJ welcomes True Spa occupying 2,430 square feet.

Clearcomm Penn  and Landmark are coming soon the to Promenade at Lebanon in Lebanon, PA.

Chang Wang Restaurant  and STOMP MMZ will be coming soon to Tri City Plaza.  The center is located on the corner of Route 9 & Route 70 in Toms River, NJ.

Marketplace at Chew Landing in Gloucester Township will be home to a new medical tenant, Inspira Medical Care.

Fort Monmouth Development in the News

09/14/2016

Freedom Pointe: The developer in negotiations for 89 acres of the borough's Fort Monmouth reuse area offered the first glimpse of its design for 302 residences, high-end retail and outdoor amenities Wednesday to the Asbury Park Press.

Paramount Realty Acquires 2 Assets in Pennsylvania

03/1/2016

Paramount Realty has acquired two well-located retail assets in Pennsylvania including Quarry Crossings in Downingtown and Restaurant Row in Bensalem.
 
Quarry Crossings is a 63,555 square foot shopping center anchored by LA Fitness, AAA, Buffalo Wild Wings, and Olive Garden.  The center is situated in the heart of the dynamic and growing Exton-Downingtown Retail Corridor where Routes 30, 202, 100, and the Route 30 Bypass converge to form the retail heart of Chester County.  Chester County is one of the fastest growing counties in Pennsylvania, evidenced by the 17% population growth since 2000 in the local submarket. 

First Ever Paramount Realty & LMS Holiday Party!

12/10/2015

First Ever Paramount Realty & LMS Holiday Party!

Recent Lease Transactions

10/1/2015

Recent Lease Transactions

Maurice Zekaria joins the Center of Real Estate at Rutgers Busin

06/3/2015

FOR IMMEDIATE RELEASE

The Center for Real Estate at Rutgers Business School Names Maurice Zekaria, President of Paramount Realty Services and LMS Commercial Real Estate to its Advisory Board

LMS announces collaborative transaction with Paramount Realty

01/16/2015

Joseph R. Deerin and Donna Deerin Ward of LMS Commercial Real Estate spoke of the recent transaction, "We are looking forward to integrating LMS Commercial Real Estate's experience and regional presence with the strength of the Paramount Realty tea

CBRE Arranges the Sale of Village at Cambridge Crossing

11/26/2014

Paramount Realty has completed the sale of Village at Cambridge Crossing in Mount Laurel, NJ. 

Edge Fitness coming soon to Enfield Commons

11/26/2014

Edge Fitness, currently operating, 11 high-end fitness centers in Connecticut, will soon join the tenant mix in Enfield Commons on Hazard Avenue in Enfield.

Home Depot Plaza Phase 2 Expansion

11/26/2014

Located at, 1301 Bristol Pike, in Bensalem, the 7,000 square foot building has recently undergone a major facelift. 

Town Hall Shoppes Scheduled for Renovations

11/25/2014

Town Hall Shoppes will be undergoing renovations come 2015! 

Carlo's Bakery's Grand Opening in Marlton Square

11/24/2014

On November 12, 2014 Carlo's Bakery held their grand opening with an excellent turnout! 

Festival at Hamilton Scheduled for a Renovation

11/24/2014

Festival at Hamilton in Mays Landing, NJ will be undergoing renovations in 2015. 

New Tenants at Marlton Square

11/24/2014

Marlton Square's Ethan Allen has opened. Come check them out! 

Shore Plaza gets a Facelift

11/24/2014

Shore Plaza, located on Route 70 in Lakewood, NJ, has complete renovations.

Starbucks in Toms River location

11/24/2014

Starbucks is now open at our Tri City Plaza location in Toms River, NJ. 

Carlo's Bakery Coming To Marlton Square

10/27/2014

MARLTON — Carlo's Bakery, the setting of the hit TLC TV series "Cake Boss," has announced it will open a new location in Marlton Square Specialty Center.

Paramount's Annual Blueclaws Company Outing

08/26/2014

Paramount started an annual tradition of taking in their local minor league baseball team's game each summer. 

PRS gets $23.8 million acquisition financing for 7 properties

08/15/2014

HFF has arranged $23.8 million in acquisition financing for a seven-property retail portfolio totaling 99,675 square feet in Maryland, New Jersey and Pennsylvania for an affiliate of Paramount Realty Services, Inc.

First Quarter 2014 Lease Transactions

04/1/2014

First Quarter 2014, Paramount has negotiated the following leases:

At Shore Plaza, Paramount has negotiated 3 leases.  Ace Medical will be taking 1,500 SF.  Jimmy Johns will be leasing 1,500 SF and Dunkin Donuts will be located on a 1,400 SF endcap with a drive thru.  Shore Plaza is located on Route 70 in Lakewood, NJ.

New Tenants Now Open for Business

10/7/2013

Paramount Realty is proud to announce the grand opening of some of their newly signed tenants.

Recently Signed Transaction and Tenants Coming Soon!

02/7/2013

Yogurt City has signed a lease at Fashion Crossing in North Attleboro, MA.  Pioneer Beauty and Harbor Freight will be opening soon at our center, Ganttown Plaza in Turnersville, NJ. 

Paramount's Recent Transactions

10/15/2012

Village at Cambridge Crossing, located in Mt. Laurel, NJ will have two new tenants joining the already excellent tenant mix.  AAA and Charming CHARLIE have signed leases with the Village.  AAA will occupy 10,000 sf and Charming CHARLIE will occupy 7,686 sf.

Paramount Acquires Fashion Crossing from RREEF

09/25/2012

On September 25, 2012, Paramount Realty closed on the acquisition of Fashion Crossing in North Attleboro, Massachusetts from RREEF Real Estate.

Paramount Acquires Berkshire Square in Wyomissing, PA

12/15/2011

Paramount Realty has recently closed on the acquisition of Berkshire Square located on Berkshire Boulevard in Wyomissing, Pennsylvania.

Paramount Realty Acquires Festival at Exton Shopping Center

11/17/2011

Paramount Realty has recently closed on the acquisition of the 152,000 square foot Festival at Exton shopping center in Exton, Pennsylvania. 

Paramount Launches New Marketing Program for Shopping Centers

09/28/2011

LAKEWOOD, NJ, September 28, 2011 – Paramount Realty Services, a full-service commercial real estate firm, has unveiled plans to launch a new marketing program.

Paramount Adds Connecticut Retail Center to its Portfolio

07/1/2011


On July 1, 2011, an affiliate of Paramount Realty acquired the 155,956 square foot New Brite Plaza shopping center located in the heart of New Britain’s Retail Corridor from WP Realty.

Paramount Acquires 720 Highway 70 in Brick, NJ

01/12/2011

Paramount Realty has acquired the 16,000 sq ft building located on the corner of Route 70 and Chambersbridge Road in Brick, New Jersey. 

Aspen Dental Signs Lease for New Development in Enfield, CT

11/29/2010

Paramount has signed a lease with Aspen Dental at Enfield Commons located at 25 Hazard Avenue in Enfield, Connecticut. Paramount will begin construction shortly on the 3,200 square foot pad adjacent to T-Mobile

Paramount Completes Shopping Center Renovation at Enfield Common

10/15/2010

Paramount Realty has completed a major Half Million Dollar renovation to the Enfield Commons shopping center in Enfield, CT.

Paramount has recently signed new leases with ALDI, Food Lion, B

07/20/2010

Paramount has recently signed new leases with Food Lion, ALDI, Five Below, Super Buy Rite Liquors and Kid City

Paramount Renews Leases at Northeast Tower Center in Philadelphi

03/29/2010

Paramount recently renewed leases with Staples, Old Navy, Sprint, and Gamestop at the 477,000 square foot Northeast Tower Center located at 4600 Roosevelt Boulevard in Northeast Philadelphia

Paramount Realty Exclusive Leasing Agent for Cinnaminson Shoppin

08/17/2009

Paramount Realty has been appointed exclusive listing agent for the 120,000 square foot Cinnaminson Shopping Center shopping center located on Rt 130 in Cinnaminson, NJ. 

Paramount Realty Acquires Brick Center Plaza from Developers Div

05/25/2009

For nearly $15 million, Paramount Realty has acquired the 114,000 square foot Brick Center Plaza in Brick, NJ from Developers Diversified Realty.

Paramount Realty Buys Enfield Commons from Centro Properties Gro

04/17/2009

On April 6, 2009, Paramount Realty Services purchased the 252,000 square foot Enfield Commons shopping center in Enfield, CT from Centro Properties Group for $24 Million, or about $95 per square foot. 

Paramount Signs Long Term Leases at Ganttown Plaza in Turnersvil

01/29/2009

Paramount has recently signed two, long term leases with Bottom Dollar Supermarket (Food Lion Parent Company) and Furniture Mecca at Ganttown Plaza on Route 42 in Turnersville, New Jersey

Paramount Realty Acquires Charter Oak Marketplace

12/1/2008

Paramount Realty has acquired the 300,000 square foot Charter Oak Marketplace shopping center located on Flatbush Avenue in Hartford, Connecticut. 

Paramount's Recent Leases

04/10/2008

Paramount Realty has recently secured the following leases; Village at Cambridge Crossing in Mt. Laurel, NJ - Verizon, Ruby Tuesday, Panchero’s, FedEx Kinko’s, and Cosi. Marlton Square in Marlton, NJ - Victoria’s Secret and Bath and Body Works Expansions, and Janie and Jack (Gymboree). 

Paramount Realty Grabs 430,000 sf Assignment

03/28/2008

Paramount Realty Services, which owns, manages and leases more than 3.5 million sf of retail, has added to that total with a third-party leasing exclusive amounting to more than 430,000 sf. The space covers three shopping centers in South Jersey and Pennsylvania.

Meridian Health Realty Corp. Renews and Expands with Paramount R

03/7/2008

Meridian Health Realty Corporation has renewed their lease for another 5 years at Paramount owned Parkway 100 in Neptune, NJ. 

Paramount Realty Acquires Property in Bensalem, PA

12/21/2007

Paramount Realty has acquired a Property located on the corner of Bristol Pike (Rt. 13) and Woodhaven Rd (Rt. 63) just off I-95 in Bensalem Township, (Bucks County) Pennsylvania.

Paramount Realty Sells 2 Properties

10/1/2007

Paramount Realty recently completed the sale of 2 commercial buildings.

Sale of 32,000 sf Retail Building in Ocean, NJ

08/14/2007

Paramount Realty recently completed the sale of a 32,000 square foot retail building located at 1604 Route 35 in Ocean Township, NJ

Paramount Realty Acquires New Pad Site

07/1/2007

Paramount Realty has acquired 7 acres on Route 38 in Mt. Laurel, NJ directly in front of their existing 115,000 square foot Village at Cambridge Crossing now tenanted by LA Fitness, Borders Books, Ann Taylor Loft, Talbots, Chicos, Omaha Steaks, Cold Stone, etc

Paramount Realty Acquires Marketplace at Chews Landing

04/1/2007

Paramount Realty Services, Inc. has acquired the 147,000 square foot Marketplace at Chews Landing shopping center located on Chews Landing-Clementon Road in Gloucester Township, Camden County, New Jersey. The Seller of the Property was Marketplace Concept and was represented by Metro Commercial Real Estate based in Mt. Laurel, NJ.

Paramount Realty Acquires Whiting Commons

01/1/2007

A partnership of Lakewood, NJ based Paramount Realty Services, Inc. and New Hyde Park based Kimco Realty has acquired the brand new 105,000 square foot Whiting Commons shopping center located on the corner of State Highway Route 70 and Route 539 in Whiting (Manchester Township), New Jersey

Renovation Work Begins at Home Depot Plaza in Bensalem, PA

11/1/2006

Paramount's most recent acquisition began its refurbishment and renovations this week as part of its redevelopment and repositioning program. 

Home Depot Plaza Trades for $40M

07/7/2006

BENSALEM, PA: Paramount Realty acquires the 300,000-sf power center from a joint venture Kimco/DRA Advisors partnership for approximately $40 million.

Construction of Phase II at Cambridge Crossing Begins

05/2/2006

Construction has started at what will be considered Phase II of the Village at Cambridge Crossing located just off of I-295 on the corner of Route 38 and Briggs Road, adjacent to the new 800,000 sf Centerton Square. Phase II will consist of a Ruby Tuesday pad and an additional 15,000 sf pad with five spaces. 

Nicole Johnson Joins Paramount Realty as Leasing Director

01/26/2006


Nicole Johnson, formerly head of new store development for Subway for the last ten years, has joined Paramount Realty this month as Director or Leasing.

Marlton Square Phase II Construction Final - Tenants Open for B

01/8/2006


Phase II of the Marlton Square was completed this month and new tenants Bombay Company and Billig Jewelers are now open for business.

Repositioning of Cambridge Crossing in Mt. Laurel is Now Complet

01/1/2006

We are pleased to announce the stabilization of the Village at Cambridge Crossing located just off of I-295 on the corner of Route 38 and Briggs Road. LA Fitness has replaced the old Zagara's Supermarket with a brand new fabulous fitness center projecting over 8,000 members.