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Paradise Esplanade, a 58,727-square-foot shopping center in Las Vegas, has changed hands for $46.4 million. Litwin Management purchased the asset from Eagle Group, with the help of a City National Bank loan, public records show. JLL represented the seller.
Eagle Group acquired the shopping center for $32 million back in 2006, according to Yardi Research Data. In 2015, Paradise Esplanade became subject to a $23.5 million CMBS loan originated by Citibank, with Wilmington Trust as a trustee. That note matured this month.