Paramount Realty Buys Philly-Area Retail Asset

Paramount Realty Services has acquired The View at Marlton, a 91,000-square-foot shopping center in Marlton, N.J., through a 1031 exchange. Institutional Property Advisors Senior Managing Director of Investments Brad Nathanson brokered the $36.5 million deal on behalf of the seller and developer, a joint venture between Abrams Realty & Development and Lazgor Co.

Paramount also assumed the existing mortgage on the property. According to CommercialEdge, The View at Marlton is subject to a $26.5 million loan from Argentic, set to mature in 2027.

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