Paragon at Columbia Overlook Receives ‘Highest Lease Up Pace’ Award from Delta Associates

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Paragon at Columbia Overlook, a new luxury, green apartment community in Columbia, Maryland, has been honored by the Delta Associates at their 18th Annual Apartment and Condominium Industry Awards for Excellence. Chesapeake Realty Partners is proud to announce that Paragon at Columbia Overlook was named the Baltimore metro area’s apartment community with the ‘Highest Lease Up Pace.'

Fitness Center at Paragon at Columbia Overlook

The Paragon lifestyle allows residents all the "me time" they crave, with proximity to shopping, recreation and transportation, and Columbia provides the opportunities to engage in the activities they love

Paragon at Columbia Overlook, a new luxury, green apartment community in Columbia, Maryland, has been honored by the Delta Associates at their 18th Annual Apartment and Condominium Industry Awards for Excellence. Paragon at Columbia Overlook was named the Baltimore metro area’s apartment community with the ‘Highest Lease Up Pace’.

"Paragon has leased up at 28 homes per month", reported Josh E. Fidler, Co-Chairman of its developer, Chesapeake Realty Partners. "Our unbeatable location, right at I-95 and Route 175 in Columbia, and highly desirable design features have proven quite appealing."

Paragon at Columbia Overlook is located next to the Costco and Trader Joe's adjoining the Gateway Overlook Shopping Center. It began accepting applications in March of this year and is already over 52% leased. The community features five distinctive, four-story, elevator-served apartment buildings with a total of 320 apartments offering 1 and 2 bedroom floor plans.

In addition to spacious apartments with 9 foot ceilings, granite countertops, high-end wood cabinetry, and upgraded flooring, Paragon at Columbia Overlook offers a unique set of amenities to its residents. Tailored to the active lifestyles of the surrounding community, Paragon features a first-class Resident's Club, 24/7 fitness center with on-demand, virtual fitness classes, saltwater pool, greenhouse and Adventure Center. The Adventure Center features an area to repair bikes and provides storage for kayaks and canoes. The community is pet-friendly with a bark park and pet-washing station to please our four-legged friends.

Lawrence M. Macks, Co-Chairman of Chesapeake Realty Partners said, "The Paragon lifestyle allows residents all the "me time" they crave, with proximity to shopping, recreation and transportation, and Columbia provides the opportunities to engage in the activities they love.”

In recognition of today’s environmental sensibilities, Paragon has been built to NGBS Gold standards. In order to be certified, the community must achieve high standards for building construction, heating and cooling systems, appliances, hot water heating, lighting, and indoor air quality, just to name a few.

"With such a desirable location and an impressive list of amenities, it’s not surprising Paragon at Columbia Overlook has achieved the Baltimore Metro area’s highest lease up pace," said Leonard Frenkil, President of the property's management company, WPM Real Estate Management.

For more information about Paragon at Columbia Overlook, please visit the website, http://www.paragoncolumbia.com or contact the leasing center at 410.312.0500.

About Chesapeake Realty Partners:
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Headquartered in Owings Mills, Maryland, Chesapeake Realty Partners builds on more than 65-years of success in the Mid-Atlantic real estate market. CRP is actively engaged in all aspects of real estate development – land acquisition; land planning and land development; residential lot sales; construction and operation of residential rental communities; and construction and operation of commercial properties.

For additional information about CRP and its projects, go to http://www.ChesapeakeRealtyPartners.com.

For additional information about Paragon at Columbia Overlook, go to http://www.ParagonColumbia.com.

About WPM Real Estate Management:
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WPM Real Estate Management is an Accredited Management Organization® (AMO®) that provides property management for over 18,000 homes and 35,000 people in the Baltimore/Washington Metropolitan area. The company's primary focus is residential: multifamily, condominium, senior housing, student housing, and homeowner association communities. WPM has topped the list of leading residential managers in Greater Baltimore, ranked by local units managed, as compiled by The Baltimore Business Journal for 3 straight years. In addition, it has an extensive managed portfolio of commercial, industrial, and retail properties. WPM has been recognized as one of Baltimore's Top Workplaces by The Baltimore Sun, ranking among the top 5 large employers in both 2012 and 2013. The company employs nearly 500 employees, with 80 at the corporate headquarters in Owings Mills, Maryland and more than 400 at various on-site locations.

For more information about WPM Real Estate Management, visit the WPM website at http://www.wpmllc.com.

About Delta Associates:
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For over 30 years, Delta Associates has provided commercial real estate research, advisory, and publication services to a broad array of clients throughout the United States. For the past eighteen years, Delta Associates has given awards for excellence to recognize outstanding accomplishments in the multifamily industry.

For more information about Delta Associates, visit their website at http://www.deltaassociates.com.

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Brent Gratton
@ParagonColumbia
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