Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES—A partnership between Canyon Catalyst Fund and Paragon Commercial Group have partnered together to purchase the Hawthorne Plaza, a 98,000-square-foot retail center on a high profile intersection in Hawthorne, CA. The property is anchored by a Superior Grocery, while the other tenants include Citibank, Taco Bell, AT&T and Starbucks.

“Hawthorne Plaza presented the unique opportunity to reposition an irreplaceable retail center with a necessity goods based anchor,”Erwin Bucy, a principal with Paragon Commercial Group, tells GlobeSt.com. “In today’s market, it is extremely rare to be able to immediately create value through repositioning an anchor tenant at a such a “main and main” intersection.  Hawthorne Plaza is also supported by extremely strong and diverse demographics in addition to city reinvestment along Hawthorne Blvd.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.