Paramount Realty Acquires New Pad Site
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. The 7 acre parcel is fully approved for 2 pads totaling over 20,000 square feet and both are now under construction. The parcel was sold by Zagara Realty and Lubert-Adler. The pad will feature Panchero’s Mexican Grill, FedEx Kinko’s, Verizon Wireless, Cosi, and Ruby Tuesday. There is currently one 3,700 square foot space (can be divided) on the pad site and 2 small inline spaces in the existing shopping center available for lease.