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Paramount Realty Acquires Lincoln Plaza

10/1/2020

Paramount Realty has acquired Lincoln Plaza, a 272,885 square foot open air shopping center centrally located along Lincoln Highway in one of suburban Philadelphia’s most desirable retail corridors. Lincoln Plaza is anchored by three strong performing T.J. Maxx banners in T.J. Maxx, HomeGoods, and HomeSense. The rent roll consists of a highly complementary mix of tenants, including Nordstrom Rack, Men’s Wearhouse and five traffic-driving food and beverage tenants including Chipotle, Five Guys, Melt Shop, Metro Diner, and Chick-Fil-A. The Property benefits from its immediate trade area of over 200,000 people living within five miles with strong average household incomes of nearly $115,000 and enjoys direct regional connection to Interstate 295 and US Route 1. The property sits directly adjacent to the Sesame Place children’s theme and water park and shares several connection points to the Oxford Valley Mall with over 150 stores and a proposed 600-unit Class A multifamily development of the former Boscov’s building. The Langhorne market is home to a significant national tenant roster including Target, BJ’s, Home Depot, Lowe’s, Shoprite, Giant, and Aldi.

 



 



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