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Woodland Hills Shopping Center Sails

LOS ANGELES-Paragon Commercial Group acquires the Woodland Hills Shopping Center for an undisclosed sum in an off-market transaction.

By Kelsi Maree Borland | Updated on September 12, 2013

LOS ANGELES- PCG Woodland Hills Topanga LLC, an affiliate of Paragon Commercial Group, has acquired the Woodland Hills shopping center in the San Fernando Valley for an undisclosed sum in an off-market sale. The 112,649-square-foot shopping center is 100% leased by retail clients, including major anchor brands Toys R’ Us, Office Depot and Off Broadway Shoes.

“With significant barriers to entry, strong traffic counts with signalized access and positioning at the heart of Warner Center, this acquisition provides Paragon and its investors with an asset that will continue to deliver returns on both a short- and long-term basis,” says Mark Harrigian, principal of Paragon Commercial Group. “This is the second acquisition in the San Fernando Valley for Paragon as we continue to aggressively grow our portfolio of quality, retail assets in Southern California.”

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