After graduating from Villanova University with his Business Degree in 1987, Mr. Paragano was introduced to the family real estate business where an intensive and all-encompassing education in the business of commercial property management ensued. He gained a wide-range of experience in lease negotiations, renovations to existing structures and renovations of office and store interiors, contractor negotiations, land approvals, variance applications and approvals, as well as financial forecasting of potential commercial investments.
The Paragano Past
In 1990, Larry’s father, Larry Paragano, Sr., transferred ownership of a number of his commercial properties entirely to his five children forming Paragano Associates for which Larry, Jr., was named Managing General Partner. Managed solely by Paragano Associates, all holdings total over 1,200,000 square feet of office, retail, and industrial space. Since then, the entity added Assisted and Independent Living development to its portfolio as well. Mr. Paragano oversaw the purchase, design, development and construction of the assets as well as the management and maintenance of the facility once developed. At that same time, Mr. Paragano was involved in the initiation of a third-party construction management company named Paragano Construction Services, LLC which built over 1,000,000 square feet of office, retail, industrial and automotive space for such companies as Ford, Jaguar, Thermo Finnegan, and the like.
Current Paragano Development
After Paragano Associates made the decision to do a divisive reorganization amongst its members in 2008, Larry Jr. chose to relocate his family and operations to the Carolinas. Most of the entity’s New Jersey holdings were sold which enabled the pursuit of opportunities in North and South Carolina, New Jersey, Georgia and Texas. Today, Mr. Paragano manages and maintains both retail and office product in the Charleston, Columbia, and Lumberton, North Carolina areas as well as developing residential sites in Texas and ownership interests in Georgia. The business continues to chart a course of conservative expansion as its looks to increase its commercial property holdings.
Larry, Jr. is a former certified real estate appraiser as well as a licensed real estate salesperson in the State of New Jersey. He maintains offices in Mount Pleasant, South Carolina and in his free time enjoys golf, travel and being part of his children’s active lifestyle.
Larry Paragano Jr.
Originally a New Jersey native, Larry Paragano Jr, graduated from Villanova University in 1987 with a degree in Business Administration. After graduation, he joined his family’s real estate company is a property manager. After several years, Mr. Paragano took over management of the entire family real estate portfolio as its Managing General Partner, then comprised of over 1,200,000 square feet of retail shopping centers and office complexes. Once he took the helm, Mr. Paragano began acquiring new parcels for development. He then found both a real estate brokerage company and a construction company in New Jersey. Mr. Paragano has worked on development projects for Ford, Jaguar, and constructed a large senior living complex with both independent and assisted living units.
In 2008, Mr. Paragano decided to shift his development efforts to the Southeast region of the United States. He moved his family and primary office location to Charleston South Carolina, where he bases his operation today. Never one to pass up a good opportunity, Mr. Paragano also began development of apartment complexes in Texas where he is intimately involved in three completed projects with a fourth under development.
His 30 years of experience in real estate development and management experience are unmatched and his professionalism cannot be questioned. If you are looking for a real estate partner, you’ve found him.