Paragon Commercial Group Recapitalizes Village Center With $17M Loan In Fountain Valley

Paragon Commercial Group has recapitalized Village Center, a retail asset located at 17904 Magnolia Street in Fountain Valley, California. The property spans 93,336 square feet and sits on 8.1 acres of land. It is situated in the Fountain Valley market.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $17,000,000
• Address: 17904 Magnolia Street
• Market: Fountain Valley
• Square Footage: 93,336
• Acres: 8.1

The recapitalization was made possible through a $17 million permanent loan provided by CNO Financial Group Insurance Co. Bryan Ley, Geoff Tranchina, and Gleb Lvovich from JLL acted as the brokers in the deal. The asset's landlords are Paragon Commercial Group and Daiwa House Texas.

Village Center serves a population of over 205,000 residents within a 3-mile radius in Orange County's Huntington Beach submarket. The shopping center is anchored by Sprouts Farmer's Market and Rite Aid Pharmacy, making it a significant retail destination in the area.