Paragon has closed on the acquisition of a free standing Bareburger restaurant in Mt. Kisco, NY.
Acquisition of Morrisville Plaza
Paragon has closed on the acquisition of Morrisville Plaza, a 104,380 SF shopping center in Morristown, Vermont. The 100% leased shopping center is anchored by: Ocean State Job Lot, Marshalls, Dollar Tree, McDonald’s, TD Bank, M&T Bank and Kinney Drugs.
Acquisition
1803 Post Road East located in Westport, CT, consisting of 15,145 SF and anchored by Mattress Firm.
Disposition of Milford Shopping Center
53,562 SF Shopping Center anchored by Dollar Tree located on Boston Post Road in Milford, CT.
Disposition of Samsondale Plaza
Samsondale Plaza, a 156,185 sq. ft. retail and office property located in West Haverstraw, NY
MORRISTOWN, N.J., July 11, 2022 – JLL Capital Markets announced today that it has closed the $26.5 million sale of Samsondale Plaza, a 156,185-square-foot shopping center anchored by Stop & Shop in the Rockland County community of West Haverstraw, New York.
JLL marketed the property on behalf of the seller, a joint venture between Paragon Realty Group LLC and Mark Holdings LLC. The buyer is an affiliate of Northeast Capital Group.
Samsondale Plaza is located at 45 South Route 9W and is anchored by Stop & Shop. Other major tenants at the 91% leased center include the New York State Department of Motor Vehicles, Dollar Tree, Advance Auto, Sports Clips, Sally Beauty Supply and Mandee.
The JLL Capital Markets team representing the seller was led by Jose Cruz, J.B. Bruno, Steve Simonelli, Michael Oliver, Kevin O’Hearn and Austin Pierce, along with Andrew Scandalios.
Acquisition of Mayfair Shopping Center
Mayfair Shopping Center, a 115,411 SF retail shopping center located in Philadelphia, PA.
Disposition of Chichester Square
Chichester Square, a 29,020 SF retail shopping center located in Boothwyn, PA.
Acquisition of the Vineyards Shopping Center
The Vineyards Shopping Center, a 139,000 SF retail shopping center located in Eastlake, Ohio.
LI Grocery-Anchored Retail Center Sells for $10.1M
JLL Capital Markets announced today that it has closed the $10.1 million sale of East Northport Shopping Center, a 42,215-square-foot shopping center anchored by IGA grocery store in the affluent and infill neighborhood of East Northport, Long Island, New York. JLL marketed the property on behalf of a private company. An affiliate of Paragon Realty Group LLC of Westport, Conn., purchased the asset.