Real Estate Management

Address:  1801 N. Shadeland Avenue | Indianapolis, IN 46219
Square Feet: 9,620
Property Type: Office and Retail B Shops

Acquired by Paragon in mid-2017, this value add asset is currently home to the Morales Group, Kauffman Eye Care, and Restoration Crusaders. Like other acquisitions, Paragon believes value can be added to the bottom line through more hands-on tenant relations, building and property management, maintenance and leasing efforts. Decades of experience in development, construction and management give Paragon a keen eye to the little details that add value to an asset.

Address: 7015 Visionary Way | Indianapolis, IN 46268
Square Feet: 86,192
Property Type: Industrial, Warehouse

Echo Supply is the sole Tenant in this industrial building located on the west side of Indianapolis near Park 100. Paragon acted as an Owners’ Representative throughout the entire development process of this building from conceptual planning, design-build contracting, entitlement and obtaining incentives, obtaining financing, overseeing construction and ultimately the marketing and full lease-up of the facility. Paragon acts as the Property Management company for the property, along with 2 other Industrial buildings within Park 101 containing a portfolio of 280,000 SF.

Address: 8700 North Street | Fishers, IN 46038
Square Feet: 44,815
Property Type: Office

Finished in 2017 and home to the new corporate headquarters of Braden Business Systems and Paragon Realty, this brand new Braden-owned property is an optimal office setting in the heart of downtown Fishers. Paragon assisted the Braden’s as an unpaid owner’s representative from early planning, obtaining design-build proposals, working with the City of Fishers to obtain incentives, and finally handling property management. With remaining office space filling quickly, Paragon takes care of its own home office in the same way it serves all our clients—with full-service management of the property inside and out, as well as maintenance, tenant relations, accounting and financial management of the asset

Address: 11815 Technology Lane | Fishers, IN 46038
Square Feet: 31,000
Property Type: Office and Warehouse

Home to MCL Window Coverings for many years, this property was acquired by Braden Business Systems (BBS) in late 2016 due to its need for warehouse space. BBS demised the building in 2017, leased approximately 14,000 s.f. back to MCL, and selected Paragon to manage all facets of the property management including tenant relationships, accounting, and property and building maintenance.

Address:  6907 Coffman Road | Indianapolis, IN 46268
Square Feet:  64,000
Property Type: Industrial Warehouse

Home to Calderon Textiles and DSS Rapak, this property was recently constructed in the Indianapolis Park 100 area. Paragon assisted with development and construction and was recently selected to manage all facets of the property management including tenant relationships, accounting, and property and building maintenance.

Address: 5410 Coldwater Road | Fort Wayne, IN 46825
Square Feet: 10,280
Property Type: Retail

This property was originally built by Paragon in 1995 for Blockbuster Video and Krispy Kreme Doughnuts. Since 2011, the property was expanded to accommodate Aaron’s Rents and long-term tenant Jimmy Johns. For over 20 years, Paragon has managed all facets of this property and has been instrumental in transforming it into the asset that it is today.

Address: 3800 Colonel Glenn Highway | Fairborn, OH 45324
Square Feet: 14,398
Property Type: Retail

Paragon developed this retail center in 2005, and still owns and manages this busy retail center anchored by Meijer in a popular Dayton suburb. Paragon property managers are dedicated to the management of all aspects of tenant relationships, accounting, leasing, landscape and maintenance for a variety of high-profile tenants. The building’s tenants include Starbucks, Penn Station, Gigi’s Cupcakes, Great Clips and Hothead Burritos, among others.

Address: SW Corner of Main St. and C.R. 900 | Brownsburg, IN 46112
Square Feet: Land
Property Type: Vacant Ground

This property contains 12+ acres of ground located in Brownsburg IN. Paragon was involved in the original acquisition in 2008 and subsequently bought the entire ownership in 2020. It is currently available for sale or to be developed as a mixed-use development.

Address: 7320-7330 East 86th Street | Indianapolis, IN 46256
Square Feet: 51,592
Property Type: Office/Retail

Built in 2000 by Paragon and owned by a Paragon partnership, this busy office and retail complex is in the bustling business district of northeast Indianapolis. Tenants served include Sharp Business Systems, File Wave, Woodcraft and others. For more than 15 years this location was the corporate headquarters for Paragon. With Paragon as the owner, tenants enjoy full-service property management including landscaping and maintenance, accounting and customer service.

Address: 4873 W 38th St. | Indianapolis, IN 46224
Square Feet: 111,600
Property Type: Retail

Georgetown Plaza was a value-add opportunity Acquisition in December of 2019. The property had been in bankruptcy and receivership since 2012. It was approximately 65% Occupied at the time Paragon purchased the Property. Paragon invested nearly $750,000 in the Property after acquisition because of the large amount of deferred maintenance and Capital Expenditure needed. Believing in the changing area demographics, Paragon expanded upon and cultivated a diverse mix of local and national tenants within the Center. As of Spring, 2021, the shopping center is now 100% leased, completely renovated, and a bustling center that truly represents the diversity in the area.

Address: 1528 Bush Lane | Crawfordsville, IN 47933
Square Feet: 14,600
Property Type: Retail

Paragon Brokered the Sale of the business and Real Estate associated with the approximately 40-year-old Allisonville Nursery business. Paragon served as an Owners Representative and Broker to help the Owner of Allisonville Nursery perform a 1031 Exchange into a portfolio of Commercial Real Estate properties that would serve them through retirement including this Property. Paragon Manages this and another property on behalf of the Allisonville Nursery Owner.

Address: 5724 Green St. | Brownsburg, IN 46112
Square Feet: 37,746
Property Type: Mixed- Use: 2nd Floor Office and Ground Floor Retail

Paragon Developed this building in 2019. The project began with the demolition of two existing buildings and inclusion of the Town of Brownsburg Park property. Paragon utilized its expertise of Public Private Partnerships (PPP) to come alongside the Town of Brownsburg to further their growing the Downtown area with a High-End Development to add high end Office and Retail. Current Tenants include, PBLS (Logistics Company), Bru Burger Bar, Noble Romans Craft Pizza & Pub, and Thai District.

Address: 7380 East 90th Street | Indianapolis, IN 46250
Square Feet: 20,000
Property Type: Industrial

This 20,000 s.f. building was speculatively developed and constructed by Paragon and a partner in 2000. It soon became the home of a multi-national telecommunications company using communication switching equipment. In this unique and confidential Landlord/Tenant relationship, Paragon is not involved in the day-to-day management of this property. The tenant continues to occupy the space to this day.

Address: 10302 Prosperity Circle | Camby, IN 46113
Square Feet: 21,972
Property Type: Retail

This Meijer-anchored retail center was developed by Paragon in 2005. Home to Anytime Fitness and Subway for over 10 years, other tenants also include Verizon Wireless and VIP Nails. Paragon recently sold this asset but continues to manage all aspects of the property for the new owner.

Address: 2631 16th St | Bedford, IN 47421
Square Feet: 142,121
Property Type: Retail

JayC Plaza was another value-add opportunity acquisition in June of 2021 as the retail center’s frontage is along 16th Street, a major thoroughfare into downtown Bedford. Renovations completed to date include a new parking lot surface, LED lighting installation, pylon improvements, and EFIS repairs. The entire center is slated to be repainted in Spring of 2022.

With the Plaza approximately 64% occupied at the time of acquisition, Paragon has seen a tremendous increase in leasing velocity after these significant capital improvements.

Address: 355 Indiana Avenue | Indianapolis, IN 46204
Square Feet: 18,998
Property Type: Office and Retail

Paragon has managed all aspects of this property, nestled in the heart of downtown Indianapolis, for its owner since 2011. With office and retail tenants including MDG Salon, Naked Monkey and McGowan Insurance, Paragon manages all building and property-related matters, leases and tenant relations, as well as budgeting, operating expense payments, rental income collection and tax return preparation for the entire property. This relationship is an example of how Paragon can help owners enjoy all the benefits of property ownership while leaving the day-to-day demands of asset and property management to trusted Paragon experts.

Address: 9830-9880 N Michigan Road | Carmel, IN 46032
Square Feet: 44,895
Property Type: Retail, Office

Michigan Road Shoppes is a Five Building Retail and Office Complex located just north of I-465 on Michigan Road in Carmel, Indiana. This property was developed and is owned by a family and Paragon serves as Owners’ Representatives and Property Manager. Paragon helped Ownership completely renovate the buildings in 2020 by working with the lender for funding and term extension.

Address: NW Corner of US 40 and 600 N Cumberland | Cumberland, IN
Square Feet: Land
Property Type: Vacant Ground

This property contains approximately 4 acres of land located in Cumberland, IN. Paragon acquired this in 2003 and purchased additional land in 2020. Paragon is currently working through development plans and is making the land available for sale.

Address: SW Corner of US 40 and 600 N Cumberland | Cumberland, IN
Square Feet: Land
Property Type: Vacant Ground

This property contains 24+/-acres of ground located in Cumberland, IN. Paragon acquired this in 2005. It is currently available for sale, but Paragon hopes to develop this as a mixed-use development with the town of Cumberland.

Address: 800 Oliver Avenue | Indianapolis, IN 46225
Square Feet: 2,200
Property Type: Data Center

Since 2010, Paragon has owned and managed Suite 3 at 800 Oliver—one of thirteen different buildings situated within the Indy Telcom Center’s twelve-acre complex known as the Henry Street Campus (HSC) in downtown Indianapolis—providing some 300,000 s.f. of space offering Disaster Recovery, Backup, Co-Location and other Telco related uses. HSC is currently home to most major carriers, as well as international, regional and local co-location and disaster recovery companies. Paragon leases telco space and data cabinets for disaster recovery to clients such as Windstream, Cogent, Level 3, LightBound, Gap, Infinity Fiber Network, Braden Business Systems, Cloudapt, and others.

Address: 9660 East 146th Street | Noblesville, IN 46060
Square Feet: 13,330
Property Type: Professional Office

Built in 2004 by Paragon for LLSS Holdings, Paragon manages this professional office building with the owner. In this scenario, the owner occupies space within the building and prefers to be more involved with tenants and building maintenance matters while trusting Paragon to handle all accounting and property management issues. LLSS Holdings relies heavily on Paragon’s ability to counsel ownership with marketing and overall global asset value. This relationship is yet another example of how Paragon maintains flexibility in its role as a property manager and owner’s rep to help owners enjoy all the benefits of property ownership.

Address: 521 South First Street | Pierceton, IN 46562
Square Feet: 10,000
Property Type: Retail

Acquired in 1998 by Paragon Associates, LLC, this 10,000 s.f. building was purchased and modified specifically for Dollar General. Dollar General continues to handle interior building maintenance while Paragon maintains the building, property grounds, and accounting.

Address: 9259-9283 East US Highway 36 | Avon, IN 46123
Square Feet: 20,457
Property Type: Retail

Developed and constructed by Paragon in 2005, Paragon continues to own and manage this 100%-leased neighborhood retail center in Avon, Indiana. Paragon’s hands-on dedication to tenant relationships, leasing and all other facets of maintenance and management have afforded it the opportunity to keep the center fully occupied. Tenants include Yats, Moe’s Southwest Grill, Indiana National Guard, Monical’s Pizza, Sidelines Bar and Grill, Bangkok Kitchen and others.

Address: 7007 U.S. 31 South | Indianapolis, IN 46227
Square Feet: 13,785
Property Type: Retail

Purchased by Paragon in 2014, this is another value-add acquisition that is currently the home of Global Smiles Dental, Geraci Law Offices, Beltone Hearing, Deering Dry Cleaners, and Khambawi Asian Grocery. Paragon acquired this property because it believed there was value to be added with Paragon’s approach to asset and property management. Paragon manages all building and property-related matters, leasing and tenant relations, as well as budgeting, operating expense payments, rental income collection and tax return preparation for the property.

Address: 302 South Pennsylvania Avenue | Wellston, OH 45692
Square Feet: 9,859
Property Type: Retail

Paragon acquired this property in 2016 through a 1031 exchange. Dollar General was an existing tenant at the time of purchase and will continue its occupancy via a 10-year lease. Dollar General handles building maintenance while Paragon maintains the property and all accounting matters.

Address: 6002-6044 East 21st Street | Indianapolis, IN 46218
Square Feet: 55,601
Property Type: Retail

Located on the northeast corner of Arlington Avenue and 21st Street, Paragon co-purchased the note on this property from the bank and obtained a deed in lieu of foreclosure in 2009. Today, Paragon owns 100% of the asset and has invested more than $500,000 into the property on deferred maintenance and capital expenditures. Paragon manages all aspects of the property including leasing, tenant relationships, accounting, landscaping, building maintenance and property maintenance. The anchor tenants within the retail center include Family Dollar, Indianapolis Army Navy, and the Marion County Health Department.