Paragon Commercial Buys 46,055 SF Retail Center in Los Angeles

LOS ANGELES — Paragon Commercial Group has purchased a 46,055-square-foot grocery-anchored shopping center in the Tujunga neighborhood of Los Angeles from the original developer. Situated on nearly 2.7 acres, the property has been home to Smart & Final for more than 30 years and Goodwill for 25 years. Paragon plans to upgrade the center’s common area, buildings’ façades, lighting and signage. Greg Offsay and Caleb Morrison of illi Commercial Real Estate brokered the off-market transaction.