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The Paragon at Satellite in Duluth Sold for $6.5M

Shopping Center Trades in REO Transaction
By Finerve Holder
August 16, 2010 | 4:49 AM

Paragon Town Center LLC acquired The Paragon at Satellite in Duluth, GA, for $6.5 million or about $37 per square foot. The seller, Flagstar Bank FSB, foreclosed upon the shopping center last October. The retail property was 95 percent vacant at the time of sale.

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