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California  + Bay Area  | 

Rare Bay Area In-N-Out Ground Lease Sold by Paragon

Paragon Commercial Group, LLC sold a rare In-N-Out Burger ground lease in San Jose to a private Bay Area buyer for $6.9 million. The restaurant is currently under construction and is expected to open in Q1 2019.

Paragon’s Jim Dillavou says, “we worked collaboratively with one of California’s most iconic retail brands, In-N-Out Burger, to enable the opening of a new location in this very high barrier to entry market.”

Paragon began work to acquire the former parking lot site from a Lowe’s Home Improvement in 2014, and concurrently entered into a ground lease with In-N-Out Burger for a single-tenant restaurant. The site is located in a prime arterial of Silicon Valley, south of the 101 Freeway on the corner of Great Oaks Parkway and Cottle Road, between big box retailers Target and Lowe’s.

Sands Investment Group’s Andy Chana represented the undisclosed buyer. Cushman & Wakefield’s Christopher Sheldon represented Paragon.

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Connect With Paragon Commercial Group’s DillavouConnect With Sands Investment Group’s ChanaConnect With Cushman & Wakefield’s Sheldon

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
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