News

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.

Marlton Square, one of Paramount’s beautiful lifestyle centers, will be welcoming a new 10,000 SF Ethan Allen to the tenant mix.  Marlton Square is located on Route 73 South in Marlton, NJ.

Pronto will be opening up a new location at Village at Cambridge Crossing in Mt. Laurel, NJ.  Pronto is leasing 3,400 SF.

Festival at Exton, located in Exton, PA, will be welcoming Kids First Swim to their tenant mix.  They will be occupying 7,000 SF.   

Paramount has negotiated a lease with Starbucks for a pad at Tri City Plaza in Toms River for 1,800 SF.  Pet Valu will also be coming soon and has signed a lease for 4,700 SF.

Enfield Commons located on Hazard Ave in Enfield, CT will welcome a 4,900 SF Chick- Fil- A. 

Town Hall Shoppes, located on Cedar Bridge Road in Brick, NJ will be home to Ocean Fitness Equipment.  They will be occupying 2,000 SF.  Maxx Fitness will be occupying 3,000 SF as well.

A lease for STS has been signed for 5,600 SF at Paramount’s Marketplace at Chews Landing center in Gloucester Township, NJ.

Lane Bryant will be located on a new construction pad at Marketplace at Neshaminy in Bensalem, PA.  They will be leasing 4,500 SF on the new pad. 

A 5,000 SF Famous Footwear will now be located at Paramount’s Power Center, Northeast Tower Center, located in Philadelphia, PA.  

Berkshire Square located in Wyomissing, PA, will now enjoy the company of Jake’s Wayback Burgers.  They will be occupying 1,920 SF.    

Zounds will be joining Leisure Center in Lakewood, NJ, where Paramount’s headquarters are located.  They will be occupying 1,360 SF on the first floor.