Paragon Logo
  • About
  • Properties
  • Acquisition Criteria
  • Executive Team
  • News
  • Contact

Acquisition Criteria

Paragon’s acquisition philosophy is based on purchasing well-positioned, generally well leased up properties at a discount to replacement cost and adding value to these properties through intensive management and leasing and, where applicable, renovation and redevelopment.

Target acquisitions generally offer the following attributes:

  • Located in the Northeast, Mid-Atlantic, and Southeast regions
  • Neighborhood, community and regional shopping centers as well as in-fill retail strip centers and CBD retail condos
  • Preference for dominant, grocery anchored centers but have acquired shadow anchored, junior anchored, and unanchored centers
  • Price Range:
    • Focus is on $7,000,000 to $30,000,000 but will consider up to $50,000,000 for individual properties;
    • Will go significantly higher for portfolios;
    • Free-standing properties or in-fill strips – will consider under $3,000,000
  • Value added opportunities may include the following:
    • Façade and comprehensive property renovation;
    • Lease up of vacant space and/or replacing anchor tenants;
    • Upgrading of tenancy mix; or
    • Expansion of existing property including developing outparcels and acquiring adjacent land
  • High barriers to entry through lack of available competitive sites or restrictive zoning
  • 50,000 square feet and above, although smaller in-fill properties will also be considered
  • Range of cap rates – Aggressive/Market cap rates based upon property profile and opportunities

Paragon responds quickly to submissions; performs due diligence, management and leasing analysis in-house and works quickly to complete contracts and closings.

Please contact:

Adam Nelson

anelson@paragonct.com

Paragon CT Logo
  • About
  • Properties
  • Acquisition Criteria
  • Executive Team
  • News
  • Contact

276 Post Road West, Suite 201 Westport, CT 06880 203-221-7077     info@paragonct.com

Copyright © 2023 · Paragon Realty Group LLC · All Rights Reserved.