Paramount Realty Acquires Bey Lea Plaza In Toms River For $8.75M From Marx Realty

Paramount Realty, represented by Maurice Zekaria, has acquired the Bey Lea Plaza in Toms River, New Jersey, from Marx Realty for $8.75 million. The retail property spans 79,362 square feet and is situated at 1030 Hooper Avenue in the Toms River market. With a price per square foot of $110, this shopping center features prominent tenants such as PetSmart and Wells Fargo.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $8,750,000
• Square Footage: 79,362
• Address: 1030 Hooper Avenue
• Market: Toms River

The deal was facilitated by Steven Winters and Mike Horne of RIPCO, who served as the brokers for Paramount Realty. This acquisition will lead to a collaborative effort between Paramount Realty and local authorities to redevelop the Bey Lea Plaza, aiming to enhance its appeal and drive further growth in the area.