Maurice Zekaria Of Paramount Realty Acquires Neshaminy Mall In Bensalem For $27.5M

The property asset is located at 707 Neshaminy Mall Drive in Bensalem, PA. It is classified as a retail space and has a sale price of $27,500,000. The property is currently half-vacant and is part of the Neshaminy Mall, which is situated in Bucks County.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $27,500,000
• Buyer: Maurice Zekaria - Paramount Realty; Edgewood Properties
• Seller: Brookfield Properties
• Brokers: David Monahan, James Galbally & Patrick Higgins - JLL

Paramount Realty and Edgewood Properties are the new owners of the property and intend to redevelop the site by demolishing about half of the existing structure. They have plans to retain key tenants, including Boscov’s and AMC, during the redevelopment process.