• Development/Acquisition

Development/Acquisition

Comprehensive experience for real estate success

From paper to real property, Paragon re-imagines existing land sites and develops new real estate ventures from vision to ultimate profitability. Whether transforming commercial property in need of renovation or a re-lease of existing holdings, finding ideal sites for new development and construction, or the acquisition of additional holdings for real estate portfolios, the Paragon team utilizes its decades of successful development and ownership experience to create greater return over time and enhanced long-term asset value.

Braden Business

Paragon Realty | new office building owner's partner in real estate development

Project: Braden Office Building
Address: 8700 North Street | Fishers, IN 46038
Square Feet: 45,000
Property Type: Office

Paragon Realty worked as an unpaid Owner’s Representative for Dave and Erik Braden with Braden Business Systems on their new 45,000 s.f. four-story office building in downtown Fishers, Indiana. Because of Rich Block’s involvement as a City of Fishers Councilman, Paragon was not able to earn a fee for the Owner Representation work with the Bradens. However, Paragon assisted with the site negotiation with the city of Fishers, the Fishers City incentive negotiation, the solicitation of six design-build proposals from General Contractors, the Proforma preparation and, finally, the Property Management for the new building. Completed in 2017, the building is located immediately adjacent to the Fishers City Hall, and Paragon relocated its own offices within the building.

Calderon Textiles/RAS Development

Paragon Realty | Calderon Textiles-RAS Industrial Warehouse | development and construction
Paragon Realty | Calderon Textiles-RAS Industrial Warehouse | Development Property Management

Project: Calderon Textiles/RAS Development, LLC
Address: 6907 Coffman Road | Indianapolis, IN 46268
Square Feet: 64,000
Property Type: Industrial Warehouse

Working as an Owner’s Representative for Azher Khan and his development entity, RAS Development, LLC, Paragon Realty assisted with the completion of a partially speculative (50%) 64,000 s.f. industrial warehouse project in the Indianapolis Park 100 area. Completed in September, 2017, the project was leased to Calderon Textiles (32,000 s.f.). During construction, the project leased the balance of the building (32,000 s.f.) to DSS Rapak, Inc. Paragon assisted the owner with all development responsibilities including initial site planning, soliciting Design-Build General Contractor proposals/bids, entitlement, proforma preparation and obtaining financing, incentive negotiation, draw processing with the lender, assisting Avison Young on the marketing/leasing, and final permanent loan conversion of the loan.

Metro Plastics

Paragon Realty | Metro Plastics Technologies | Office and Warehouse in Noblesville, Indiana

Project: Metro Plastics Corporate Office and Manufacturing Facility
Address: 9175 East 146th Street | Noblesville, IN 46060
Square Feet: 70,400
Property Type: Office and Industrial

Working in 2015 and 2016 as an Owner’s Representative for Lindsey and Ken Hahn and their company, Metro Plastics, Paragon Realty assisted Metro on the new 70,400 s.f. company headquarters and manufacturing facility in Noblesville, Indiana. Paragon helped prepare the project scope document and obtained design-build proposals from contractors for the new facility, including the selection of the final General Contractor and working through the facility details. Paragon negotiated the purchase of a 30-acre site on behalf of Lindsey Hahn, which allows Lindsey to have approximately 20 acres available for sale after accommodating the Metro Plastics new building site. Paragon helped negotiate a significant incentive package from the city of Noblesville, including the extension of a main road and related utilities to serve both the Metro site and the additional acreage.