Paragon Acquires 46,055-Square-Foot Grocery-Anchored Center in Los Angeles

Marcus & Millichap closes sale of 13,079-square-foot retail center in Little Elm

Marcus & Millichap brokered the sale of India Bazaar Plaza, a 13,079-square-foot retail center in Little Elm, Texas. Scott Abeel and Philip Levy, investment specialists in Marcus & Millichap’s Dallas office, exclusively marketed the property on behalf of the seller, and procured the buyer, both private investors. The asset is located at 1640 FM 423. Built in 2018, the retail center is fully leased to India Bazaar, one of the Dallas-Fort Worth area’s largest South Asian grocery operators, and Shahnaz Salon & Threading under triple-net leases. The property serves the rapidly growing Little Elm-Frisco trade area, one of North Texas’ fastest-growing and most affluent suburban corridors. The buyer plans to hold the property as a long-term investment.

Paragon Acquires Grocery-Anchored Shopping Center from Long-Term Owners

Paragon Commercial Group has completed the off-market acquisition of a grocery-anchored shopping center in the Tujunga neighborhood of Los Angeles. Located on Foothill Boulevard in northeastern Los Angeles along the foothills of the San Gabriel mountains, the 46,055 square-foot property was acquired from the family of the original developer that had owned and operated the property for more than six decades. Greg Offsay and Caleb Morrison of illi…

Paragon Acquires 46,055-Square-Foot Grocery-Anchored Center in Los Angeles

Los Angeles — Paragon Commercial Group has acquired a 46,055-square-foot shopping center located in the Tujunga neighborhood of Los Angeles. The property is anchored by Smart & Final, a tenant of… The post Paragon Acquires 46,055-Square-Foot Grocery-Anchored Center in Los Angeles appeared first on Shopping Center Business.

IPA Brokers $23.1M Sale of Publix-Anchored Shopping Center in Alexander City, Alabama

ALEXANDER CITY, ALA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $23.1 million sale of The Gateway at Lake Martin, a grocery-anchored shopping center in east-central Alabama. Built in 2024, the 93,352-square-foot center is situated on a 22-acre site at the intersection of U.S Highway 280 and Ala. Highway 63 in Alexander City. The Gateway at Lake Martin’s tenant roster includes Publix, Marshalls, St…