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DALLAS — Billingsley Co. has leased 50,068 square feet of industrial space at its Mercer Business Park in Dallas to Paragon Distributing Co., a wholesale distributor of indoor and outdoor appliances. The tenant will occupy space in the northwest corner of the park’s 340,000-square-foot distribution center. Craig Phelps and Michael Haggar of JLL represented Paragon, which will occupy the space beginning in the first quarter of 2015. Billingsley Co. is developing the 225-acre Mercer Business Park at the northwest corner of I-635 and I-35.