Paragon Realty Group LLC
Private Real Estate Investment And Development Company
Paragon Realty Group LLC is a private real estate investment and development company
founded by John A. Nelson, managing principal and Daniel P. Weinreb, principal.
Affiliates of Paragon presently own in excess of 2,000,000 square feet of investment
real estate, with a concentration in the retail sector and the balance in office
and warehouse properties. It is Paragonís objective to selectively add to its
portfolio by acquiring investment opportunities in the northeast and mid-Atlantic
regions. Paragonís acquisition philosophy is based on buying well positioned,
generally well leased-up properties at substantial discounts to replacement cost.
Paragon adds value to these properties through intensive management and leasing.
Other than a recent below-market lease buy-out, the portfolio is currently 96%
leased which reflects the underlying strength of Paragonís acquisitions as well
as its management and leasing know-how. Paragonís team has a comprehensive understanding
of property dynamics, long-standing experience within the real estate industry
(including active involvement in industry organizations) and has developed an
extensive network of strong relationships with a large number of major national
and regional tenants.