Business Details
Retail Real Estate Investment & Development Experts
Paragon Commercial Group was founded by a team of institutional retail executives with a shared vision to transform the retail real estate landscape. Our team brings over a century of collective experience and a proven track record in managing over 15 million square feet of neighborhood and community centers. We specialize in value-add acquisitions and tenant-driven development, leveraging strategic lender relationships and all-cash closings to deliver competitive advantages. Our hands-on asset management approach prioritizes proactive issue resolution and value creation, ensuring long-term success for tenants and investors. Strong partnerships with property management groups and local brokerages enable seamless communication and efficient asset management.We are committed to sustainability and community enhancement, developing retail spaces that align with modern needs while respecting local demographics. Headquartered in El Segundo, California, with a regional office in Palo Alto, we serve primary markets across the western United States. Our focus on functional obsolescence redevelopment and mixed-use zoning opportunities positions us as leaders in adaptive retail solutions. With a dedicated team of professionals, we combine expertise and innovation to build durable value at every property level.
Services
Acquisitions
Asset Management
Retail Development
Property Management
Community Responsibility
Highlights and features
- We offer 100+ combined years of retail real estate expertise.
- Our team executes rapid acquisition processes with all-cash flexibility.
- We prioritize proactive asset management for sustainable value creation.
- Our partnerships ensure seamless tenant and investor communication.
- We specialize in hyperlocalized, sustainability-focused retail development.
Services
Acquisitions
Paragon Commercial Group specializes in identifying and acquiring value-add retail properties, including single assets and multi-property portfolios. Our streamlined process ensures rapid due diligence and closing, with flexibility for all-cash transactions or strategic lender partnerships. This approach creates competitive advantages for tenants and investors in dynamic markets.
Asset Management
Our hands-on asset management focuses on proactive issue resolution, value-add execution, and long-term tenant satisfaction. By combining rigorous financial oversight with operational expertise, we maximize returns while maintaining property integrity. This approach ensures durable value creation for investors and communities.
Retail Development
We specialize in transforming functionally obsolete retail spaces through partial or complete redesigns. Our expertise includes securing entitlements, optimizing zoning for mixed-use density, and modernizing infrastructure. These projects create vibrant, community-centric retail environments that meet evolving consumer demands.
People
Mark Harrigian
Principal and Co-Founder
Mark Harrigian co-founded Paragon Commercial Group with decades of retail real estate experience. He leads strategic acquisitions and development initiatives, leveraging deep industry relationships to identify value-add opportunities across Western U.S. markets.
Erwin Bucy
Principal and Co-Founder
Erwin Bucy brings extensive retail expertise to Paragon Commercial Group, focusing on tenant-driven development and partnership strategies. His leadership ensures efficient execution of complex transactions while maintaining alignment with community and investor interests.
James Dillavou
Principal and Co-Founder
James Dillavou specializes in capital structuring and investment strategies at Paragon Commercial Group. He develops financial frameworks that balance investor returns with sustainable property-level growth, ensuring long-term success for retail assets.
Questions
What types of retail properties do you specialize in?
We focus on neighborhood and community centers in primary markets across the western United States, including value-add acquisitions and redevelopment opportunities.
How does your acquisition process work?
Our streamlined process includes site identification, due diligence, and rapid closing, with flexibility for all-cash transactions or strategic lender partnerships.
Do you handle mixed-use development projects?
Yes, we specialize in securing entitlements for mixed-use density upgrades, transforming obsolete retail spaces into vibrant, multi-functional properties.
How do you support tenant success?
We maintain proactive communication with tenants and partners, addressing operational needs quickly while implementing value-add improvements that enhance retail environments.
