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Paramount Realty Acquires Home Depot Plaza

Kimco Realty, DRA Advisors Sell Power Center for $40 Million
By Lachelle Imwiko
June 28, 2006 | 2:42 P.M.

Paramount Realty acquired Home Depot Plaza at 1336 Bristol Pike in Bensalem, PA for approximately $40 million, or $130 per square foot, from Kimco Realty and DRA Advisors. The center was 90% leased at the time of sale with a 6.65% cap rate.

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