PREF HERITAGE LLC Acquires Retail Portion of Heritage Town Center in Chula Vista

SAN DIEGO - Nov. 12, 2014 - PRLog -- (San Diego, CA) November 12, 2014 – PREF Heritage LLC, an affiliate of Paragon Real Estate Fund of San Diego has acquired the retail portion of Heritage Town Center in Chula Vista for an undisclosed amount.

The seller of the 35,864-square-foot property at 1392 & 1394 East Palomar Street, was Otay Commercial One, LLC of Newport Beach. The property, located within the master-planned Otay Ranch was built in 2002 and was 100% occupied at the time of sale.   Chicago Title Commercial services handled the title and escrow closing transactions.

Paragon, managed by Roberto Jinich, Ricardo Jinich and Dan Berkus, has now closed on 11 properties in the past 36 months, with those transactions primarily occurring in West Coast urban markets.

About Paragon:

Paragon Real Estate fund, founded in 1998, acquires and develops real estate projects in select urban US markets.

About Chicago Title:

Chicago Title is a premier market leader in commercial settlement services, and a member of one of the largest title insurance providers in the nation. Chicago’s policy protection is backed by the most trusted and unparalleled financial strength in the industry. More information about Chicago Title can be found at www.chicagotitlesocal.com.