Paramount Realty Services, Inc. - Lakewood, NJ
1195 Route 70 Suite 2000 Lakewood, NJ 08701 (732) 886-1500
Paramount Realty is a privately held retail real estate owner-developer founded in the mid-1990s and led by principals Maurice and Lee Zekaria. Over three decades, the firm has expanded from a regional shopping-center operator to a vertically integrated platform that acquires, redevelops, leases, and manages open-air centers, legacy malls, single-tenant pads, mixed-use sites, and medical office campuses across the Northeast and Mid-Atlantic. It is not publicly traded; no ticker applies.
The company’s current portfolio spans roughly 150+ properties and ~15–18 million square feet across 10 states, operated in-house by a team of ~60+ professionals. Its strategy pairs value-add acquisitions with redevelopment—most notably the 2023 purchase of Brunswick Square (East Brunswick, NJ) and the 2024 purchases of Neshaminy Mall (Bensalem, PA) and Hamilton Marketplace (Hamilton, NJ). These deals reflect a focus on grocery-anchored power centers and re-positioning of underperforming enclosed malls into open-air, tenant-optimized retail.
Top market exposure includes New Jersey (East Brunswick, Hamilton, Central NJ corridors), Greater Philadelphia/Bucks County (Bensalem, Langhorne, South Philadelphia), and Greater Hartford, CT (Hartford/Enfield). Several of Paramount’s largest assets are located in these markets: Neshaminy Mall (~1.1M SF), Hamilton Marketplace (~0.97M SF), Brunswick Square (~0.75M SF), and multiple Philadelphia/York properties.
Tenant relationships skew toward national anchors and daily-needs brands that drive consistent traffic and sales. Across key centers, major rent and footfall contributors include ShopRite (Hamilton Marketplace), Kohl’s, Ross, Staples, Barnes & Noble, Burlington, Ulta, PetSmart, and entertainment anchors like AMC (Neshaminy). Paramount also develops numerous single-tenant pad sites for Wawa, Chick-fil-A, CVS, and urgent care operators, supporting resilient occupancy and diversified income.
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