Paragon Realty Group L.L.C. based in Westport last week acquired a 58,193-square-foot commercial and retail property on 2.84 acres in Norwalk, according to John Nelson, managing member of Paragon.
The site includes 490 and 508 Westport Ave. and is located near the Westport-Norwalk border.
The 47,530-square-foot complex at 490 Westport Ave. is 100 percent leased to Ski Market and the Fitness and Tennis Club. The 10,663-square-foot building at 508 Westport Ave. is currently occupied by six office tenants with space available to lease. The contact number is (203) 221-7077.
“We were delighted to be able to acquire such an important and prominent property in this exclusive market,” said Nelson in a written statement. “This complements our existing portfolio and augments our commitment to our local market.”
Paragon Management Group L.L.C. will be overseeing the management and the leasing of the properties. Paragon and its affiliates presently own in excess of 2 million square feet of investment real estate.
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