Paragon Realty Group acquires 186,000 s/f

Kingston, NY Paragon Realty Group LLC, a leading privately held real estate investment and development company, has acquired King’s Mall, a 186,000 s/f grocery-anchored community shopping center.  The property was purchased from an affiliate of Unison Realty Partners for just over $100 per s/f.

Situated about 90 miles north of New York City in the center of the Rte. 9W retail corridor, the center is anchored by Marshalls, HomeGoods and Mother Earth’s Storehouse. Recent additions to the tenant roster include ULTA Beauty, DSW and Men’s Wearhouse, demonstrating very strong leasing vitality for the easily accessible and dominant property.

Newmark Grubb Knight Frank was the broker in the transaction.