Commercial Property Executive - Paragon Closes Largest LA County Retail Deal of 2017 - LBPM

Commercial Property Executive – Paragon Closes Largest LA County Retail Deal of 2017

Commercial Property Executive – Paragon Closes Largest LA County Retail Deal of 2017

Constructed in the early 1980s, the San Fernando Valley shopping center anchored by Target and Kohl’s traded for roughly $233 per square foot.

Paragon Commercial Group has acquired Northridge Plaza Shopping Center, a roughly 235,000-square-foot asset in Northridge, Calif., from NLSR LP, for $54.7 million, or roughly $233 per square foot.

Greg De Rubeis of LBPM negotiated on behalf of the seller, while Yubin Tao of Investment Real Estate Association represented the buyer.

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