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James C. Dragon

About Me.

James C. Dragon is a commercial real estate developer and entrepreneur with over 30 years of experience in his field, including nearly 15 years as an attorney. Since 2000, he has engaged in commercial real estate development in the Greater Boston, Massachusetts area with his wife, Efthemia "Effie" Poulakos Dragon. Dragon has been the managing partner and owner of Central Plaza Realty and Development Company since 2003. He is enthusiastic about commercial real estate development, particularly in Lowell, the third-largest city in Greater Boston and the fifth-largest in the Bay State.

A Commercial Real Estate Authority in the Area

James C. Dragon has had a number of successes as an owner and managing partner. The Dragons purchased the Central Plaza shopping center in2000, which was nearly half vacant and in need of repairs and reconstruction. This property had a total area of 266,000 square feet, with 94,000 square feet of commercial space. Dragon collaborated with the City of Lowell to make the necessary capital improvements to make the Central Plaza a desirable place to do business. The plaza was constructed in 1965 and housed a Stop & Shop grocery store until 1979, when it was sold. Between 1979 and2000, the plaza was owned by two other entities before Dragon and his wife took over. The Dragons envisioned a shopping center that provided goods and services to residents of nearby Lowell. James and Effie Dragon eventually developed a plaza that was not only 100 percent occupied, but also maintained that occupancy throughout the coronavirus pandemic, with property management assistance from their son William, a licensed commercial real estate agent. This downtown Lowell property was sold for about $11 million at the end of 2021.

Prior to the sale, Central Plaza Realty had the following successes:

Foodland International: In the spring of2021, a 16,000 square foot Foodland International store opened at Central Plaza, bringing a supermarket to downtown Lowell that served the area's various cultural and ethnic groups.

 

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