Pilla of Paramount and Purchia of BancRealty brokers 3,000 s/f lease

Richard Pilla of Paramount Partners, LLC, in partnership with Michael Purchia of BancRealty Advisors, have brokered a ground lease between Webster Bank and East Longmeadow Center Village, LLP for a 3,000 s/f retail bank branch. The property is at the entrance to East Longmeadow Center Village, a 140,000 s/f mixed-use development at the nexus of one of western Mass.' most attractive banking trade areas. Webster Bank is Conn.'s largest bank with assets of $17 billion and 178 branches. The team of Paramount Partners and BancRealty Advisors are among New England's most active real estate firms advising regional and community banks and credit unions. Daniel Plotkin of Northeast Retail Leasing and Management of Windsor, Conn. represented Webster Bank.