PREF Artisan, an affiliate of the San Diego-based Paragon Real Estate Fund, has acquired the Shops at The Artisan from Decatur Partners for an undisclosed sum. The property is located at 201 W. Ponce de Leon Avenue in downtown Decatur, a dense, affluent neighborhood in Atlanta. The 11,000-square-foot building was constructed in 2006 and was 100% leased at the time of sale to three national and regional tenants. This transaction represents Paragon’s third acquisition in the Atlanta market since 2014.
Paragon is a privately-held real estate investment company, led by Messrs. Roberto Jinich, Ricardo Jinich and Dan Berkus. The Firm manages a growing portfolio of stabilized assets through its flagship fund, Paragon Real Estate Fund. The Fund seeks to acquire high quality urban retail and mixed-use real estate throughout the United States.