Paramount Realty Services has purchased Columbus Crossing, a 140,418-square-foot, fully leased, open-air, infill, riverfront shopping center positioned on Columbus Boulevard in Philadelphia.
JLLÂ Capital Markets marketed the property on behalf of the seller. The financial terms were not disclosed.
Columbus Crossing is anchored and leased by some of the strongest retailers in the marketplace, including T.J. Maxx, Homegoods, Ulta Beauty, Planet Fitness, Chipotle and AT&T. Additionally, the asset is shadow anchored by both a high-volume Walmart and Home Depot, two of the most dominant retailers in the United States, which facilitate major traffic into the shopping center.
The property is located along South Christopher Columbus Boulevard in the south-east section of Philadelphia, supported by and drawing from the most affluent and gentrifying communities in Philadelphia, including Society Hill, Old City, Queen Village and Northern Liberties. Furthermore, Columb
