TH Plaza, an affiliate of the San Diego-based Paragon Real Estate fund, has sold Torrey Highlands Plaza to Santa Monica Property Investors and Zion Corner for $10.4 million. The property is located at 13350 Camino Del Sur in the Rancho Penasquitos submarket in San Diego. The 14,032-square-foot retail strip center was fully occupied at the time of sale.

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.