Paragon purchases Arizona retail center

Picks up 372,000 square feet in Mesa

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Paragon Management Co. has acquired Santa Fe Square shopping center, a neighborhood retail center in Mesa, Ariz., for an undisclosed amount. Santa Fe Square is a 372,000-square-foot shopping center located at the northwest corner of Southern Avenue and Gilbert Road, one mile north of US-60 in Mesa. The intersection consists of 700,000 square feet of retail space and is the first power intersection east of Fiesta Mall. Santa Fe Square is shadow anchored by a Target store and is currently occupied by 39 tenants including H&R Block, Jo-Ann Stores, Allstate, and Farmers Insurance. Paragon said it has already entered lease agreements with Pure Fitness for the 30,000 square-foot corner anchor space, AutoZone and Tesco's Fresh & Easy. La Jolla, Calif.-based Paragon Management Company LLC is a commercial and residential real estate company....