Madison-Desplaines Development LLC has paid $40 million, or $953.54/sf, for Coronado Plaza, a 41,949-square-foot retail center in Coronado, Calif. The Lamesa, Calif., company purchased the property from an affiliate of Paragon Real Estate Investments of San Diego. The deal was highlighted by Kidder Mathews. The property was built in 1981 at 1300-1330 Orange Ave., about […]

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