News

Paramount Acquires Pasadena Crossroads

10/20/2021

Paramount Realty has closed on the acquisition of Pasadena Crossroads, a 310,000 square foot grocery-anchored shopping center, located in Pasadena, Maryland. Sprouts Farmers Market anchors the best-in-class lineup of national tenants that include TJ Maxx, HomeGoods, ULTA, Hobby Lobby, DSW, LA Fitness, Five Below, and Ashely Furniture. Pasadena Crossroads is approximately 28 acres with seven points of ingress and egress and enjoys a five-mile radius with a population count of roughly 187,500 and a coinciding average annual income of $119,800. The center benefits from strong visibility from two major thoroughfares in Governor Ritchie Highway and Jumpers Hole Road, which each see over 31,000 and 18,100 vehicles each day, respectively. The center is uniquely positioned 25 miles from Washington D.C. and 10 miles from Baltimore.