California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Paragon Real Estate Trades Chula Vista Retail for $15M
CBRE facilitated the $14.7-million sale of Heritage Towne Center, located at 1392-1394 E. Palmar St. in Chula Vista. The firm’s Reg Kobzi, Joel Wilson, Michael Peterson, Lane Robertson, Philip Voorhees and Joe Yetter represented Paragon Real Estate Investments in selling the retail property to Palomar Heritage LLC.
“Heritage Town Center is a perfect example of a stabilized retail asset,” said Kobzi. “The property has been 100% leased—even during the pandemic and will provide the buyer with stable and growing cash flow.”
The mixed-use project is located on 1.96 acres immediately across from Heritage Park. It consists of four retail buildings totaling 36,161 square feet. Built in 2002, the property is fully occupied with 21 tenants.
This is the fifth asset sold by Kobzi, Wilson, Peterson and Robertson on behalf of Paragon Real Estate Investments. Yetter initially sold the property to the seller in 2014 and leased the property.
- ◦Sale/Acquisition




