5895 W Peoria, an affiliate of the San Diego-based Paragon Real Estate fund, has sold 5895 W. Peoria Avenue to Ismail Ataria Investments for approximately $4.3 million. The single-tenant retail property is located in the city of Glendale within the Phoenix metropolitan area. Walgreens occupied the entire 13,905-square-foot building at closing.
Paragon is a privately-held real estate investment company, led by Messrs. Roberto Jinich, Ricardo Jinich and Dan Berkus. The Firm manages a growing portfolio of stabilized assets through its flagship fund, Paragon Real Estate Fund. The Fund seeks to acquire high quality urban retail and mixed-use real estate throughout the United States.