Paramount Realty Acquires Columbus Crossing
Paramount Realty has acquired Columbus Crossing, a 140,418 SF open air shopping center positioned along South Columbus Boulevard in the South-East section of Philadelphia. The center is 100% occupied and anchored by T.J. Maxx and HomeGoods, with a strong supporting cast of national tenants including ULTA, Old Navy, Planet Fitness, Chipotle, AT&T, and Bath & Body Works. The property is shadow anchored and shares a main entrance with Walmart and Home Depot, who are complementary to the overall tenant mix and generate a significant amount of traffic to the shopping center. Columbus Crossing enjoys immediate access to the area’s major bridges (Walt Whitman Bridge and Ben Franklin Bridge) and to Interstate 95 and Interstate 76, the two primary arterial roadways in Philadelphia. The property sits along the riverfront in a destination shopping corridor which draws from the most affluent and growing communities in Philadelphia, including Society Hill, Old City, Queen Village, and Northern Liberties.