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Promenade at Lebanon East sold for $12M

By - Last modified: October 17, 2012 at 10:36 AM

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The Promenade at Lebanon East. Photo/Submitted
The Promenade at Lebanon East. Photo/Submitted

The Promenade at Lebanon East along Route 422 in Lebanon has been acquired by New Jersey-based Paramount Realty Services Inc. for $12 million, according to a news release from CBRE Inc.

CBRE represented the grocery-anchored shopping center's seller, Lebanon East Venture LP, in the transaction, the release stated.

A Giant Food Stores location and a CVS/pharmacy anchor the site, and Cumberland County-based Giant invested significant capital to remodel its store in 2010 and earlier this year added gas pumps, according to the release.

Brent Burkey

Brent Burkey

Brent Burkey covers York County, agribusiness, energy and environment, and workforce issues. Have a tip or question for him? Email him at brentb@cpbj.com. Follow him on Twitter, @brentburkey.

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