{"id":1004143924,"date":"2016-05-16T01:52:07","date_gmt":"2016-05-16T09:52:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004143924"},"modified":"2022-12-09T01:47:26","modified_gmt":"2022-12-09T09:47:26","slug":"kingston-shopping-center-joins-paragon-realtys-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kingston-shopping-center-joins-paragon-realtys-portfolio\/","title":{"rendered":"Kingston Shopping Center Joins Paragon Realty\u2019s Portfolio"},"content":{"rendered":"

By Alexandra Pacurar, Associate Editor<\/em><\/p>\n

\"King's<\/a>

King’s Mall in Kingston, N.Y.<\/p><\/div>\n

Kingston, N.Y.<\/strong>\u2014Unison Realty Partners<\/a> announced the sale of King\u2019s Mall\u00a0to an affiliate of Paragon Realty Group<\/a> for $19.62 million. Newmark Grubb Knight Frank<\/a> arranged the transaction. Unison purchased the shopping center\u00a0in 2012 and aimed at transforming it into a more secure investment by improving the tenant mix and streamlining operations.<\/p>\n

\u201cBy re-positioning the center into a fashion destination and favorably re-structuring many of the leases, we turned the property into a more secure investment, and we are confident the center will continue to thrive under the ownership of Paragon Realty Group,\u201d said Karim Fadel, founder & principal of Unison Realty Partners.<\/p>\n

Located on Ulster Avenue, the 186,000 square-foot mall currently\u00a0houses national and regional retailers, including anchor tenants Marshalls and HomeGoods. DSW, ULTA Beauty, and Mother Earth\u2019s Storehouse, a recently expanded fresh market grocer are also operating under King\u2019s Mall roof.<\/p>\n

Unison, a Boston-based real estate investment management firm, recently acquired two grocery-anchored shopping centers in North Carolina\u2014Johnston Road Plaza in Charlotte and Chatham Crossing in Chapel Hill\u2014now part of their East Coast portfolio. The company is seeking to expand its footprint in the Northeast<\/a>, Mid-Atlantic and Southeast regions with high-quality commercial properties for value-add investments<\/a>.<\/p>\n

Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 186,000-square-foot shopping mall was re-positioned into a fashion destination in the last few years. <\/p>\n","protected":false},"author":236,"featured_media":1004143926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,10,21749],"tags":[],"class_list":["post-1004143924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-northeast","category-retail"],"acf":[],"yoast_head":"\nKingston Shopping Center Joins Paragon Realty\u2019s Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kingston-shopping-center-joins-paragon-realtys-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kingston Shopping Center Joins Paragon Realty\u2019s Portfolio\" \/>\n<meta property=\"og:description\" content=\"The 186,000-square-foot shopping mall was re-positioned into a fashion destination in the last few years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kingston-shopping-center-joins-paragon-realtys-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-16T09:52:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:47:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/kings-mall-kingston-ny-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1085\" \/>\n\t<meta property=\"og:image:height\" content=\"711\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexandra Both\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kingston-shopping-center-joins-paragon-realtys-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kingston-shopping-center-joins-paragon-realtys-portfolio\/\",\"name\":\"Kingston Shopping Center Joins Paragon Realty\u2019s Portfolio - 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