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.

Instant Insights /

LMS Commercial and Paramount Merge in Central PA

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