LANCASTER, PA—LMS Commercial Real Estate, a private family-owned, full service commercial real estate company based in Lancaster, PA, has merged with Paramount Realty Services, Inc. of Lakewood, NJ, bringing Paramount to the Central Pennsylvania region. LMS Commercial Real Estate arranged the sale of more than 30 assets, encompassing 2 million square feet, to affiliates of Paramount Realty.
With this transaction, Paramount Realty will have assets in excess of $1 billion, ownership of approximately 7.5 million square feet and leasing assignments in excess of 13 million square feet throughout Connecticut, Maryland, Massachusetts, New Jersey and Pennsylvania. Brandon Famous of CBRE/Fameco provided consulting services.
“We are looking forward to integrating LMS Commercial Real Estate's experience and regional presence with the strength of the Paramount Realty team,” say Joseph R. Deerin and Donna Deerin Ward of LMS Commercial Real Estate.
Like LMS, Paramount Realty Services, Inc. is a private family-owned, full service commercial real estate company. “We are excited about our entrance in the Central Pennsylvania market, and continuing LMS Commercial Real Estate's commitment to excellence in leasing, management, tenant representation, and sales with the guidance of Joe and Donna,” say Paramount Realty's Maurice and Lee Zekaria.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
