Paragon acquires Woodland Hills Center
Los Angeles — PCG Woodland Hills Topanga LLC, an affiliate of Paragon Commercial Group, has acquired the Woodland Hills Shopping Center located in the Warner Center master planned community in the San Fernando Valley. Paragon Commercial Group acquires, develops and manages high quality, value add retail investments. The seller was Woodland Hills Retail.
The 112,649-sq.-ft. center was 100% leased at the time of the sale. Anchor tenants include Toys “R” Us, Office Depot and Off Broadway Shoes.
Studley’s National Retail Services Group represented both the buyer and the seller in the transaction.
Johnny Rockets rockets into Tegucigalpa
Aliso Viejo, Calif. — Honduras has welcomed Johnny Rockets to its first location in the country at City Mall Tegucigalpa. It is the second Central American restaurant — the first opened in Panama City in 2010. The new restaurant spans 2,266 sq. ft. plus a 365-sq.-ft. terrace. It seats 105 diners.
The largest shopping center in the Honduran capital, City Mall features more than 300 shops and restaurants; eight Cinemark theatres; and parking for 1,500 cars.
Transwestern brings on new managing director
Los Angeles — David K. Henry will join Transwestern as a Los Angeles-based managing director. He will lead the West Coast Tenant Advisory Services group and serve occupier clients with locations throughout the U.S. along with the tenant advisory group’s international alliance with Paris-based BNP Paribas Real Estate. Henry will also join the firm’s National Tenant Advisory Steering Committee.
Prior to joining Transwestern, Henry served as senior VO at CBRE. Henry’s 15- year career as a broker includes negotiating lease, sublease, purchase and sale transactions totaling over $1 billion for clients such as Disney, Parsons, Dole and JP Morgan Chase.