News

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. One of the properties is a redevelopment, the 77,600-sf Millside II on Route 130 in Delran, NJ. Millside II sits opposite the existing Millside Plaza, a strip mall anchored by Target, PetSmart and Office Depot. The second Garden State property is Westmont Plaza, a 192,000-sf center at Cuthbert and MacArthur boulevards in Westmont, anchored by SuperFresh. And the Pennsylvania property is the Giant-anchored, 161,000-sf Pottstown Plaza on Route 100 in Pottstown. For Paramount, all three properties are being handled by Nicole Johnson, the company’s leasing director.