ORANGE, CA—Urban-located small-format Targetstores create a brick-and-mortar location withflexible merchandising to complement and augment the localdemographic as well as support Target's growinge-commerce business, Paragon Commercial Group LLC principalJim Dillavou tells GlobeSt.com. The firm, has soldRusty Leaf Plaza, a small-format-Target-anchoredneighborhood shopping center at 2512 E. Chapman Ave. here.
The sale, which occurred within 15 business days followingexecution of the purchase agreement, is the latest illustrationthat well-located retail shopping centers with strong anchortenants remain in high demand notwithstanding generic retailheadwinds impacting non-core retail centers.
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