Lincoln Property forms retail JV with Paragon Commercial Group

Lincoln Property Co. has formed a joint venture with retail investment firm Paragon Commercial Group.

The joint venture will focus on institutional-quality retail assets on the West Coast. As part of the agreement, Paragon will serve as Lincoln’s West Coast retail operator.

In addition, Lincoln announced that Paragon co-founder Jim Dillavou will also assume the role of Lincoln’s national head of retail real estate investments and retail capital markets. In this role, Dillavou will be responsible for unifying Lincoln’s national retail platform including capital markets, acquisitions, development, occupier and investor leasing, and third-party property management. He also will partner closely with Lincoln’s investment management team, led by Maria Stamolis, CIO, to source investment capital for nationwide retail acquisition, development and redevelopment investment opportunities. Paragon co-founders and retail industry veterans Mark Harrigian and Erwin Bucy will