James C. Dragon
Commercial real Estate Developer in Tewksbury, MA
James C. Dragon
Commercial real Estate Developer in Tewksbury, MA
James C. Dragon is a commercial real estate developer and entrepreneur who brings over 30 years of career experience, including nearly 15 years working as an attorney. Since 2000, he has worked in commercial real estate development with his wife, Efthemia “Effie” Poulakos Dragon in the Greater Boston, Massachusetts area. Dragon is currently a managing partner and owner at Central Plaza Realty and Development Company, a position he has held since 2003. He is passionate about commercial real estate development, especially within the city of Lowell, the third-largest in Greater Boston, and the fifth-largest in the Bay State.
As an owner and managing partner, James C. Dragon has experienced several successes. In 2000, the Dragons acquired the Central Plaza shopping center which was almost half vacant and in need of repairs and some reconstruction. This location was a 266,000 square foot parcel with 94,000 square feet of commercial space. Dragon worked with the City of Lowell to make the capital improvements needed to make the Central Plaza an appealing place to do business. The plaza was originally built in 1965 and served as a Stop & Shop grocery store until 1979 when it was sold. Two other entities owned the plaza between 1979 and 2000 when Dragon and his wife took it over. The Dragons had a vision of a shopping center that offered goods and services that catered to nearby Lowell residents. With property management support from their son William, a licensed commercial real estate agent, James and Effie Dragon eventually developed a plaza that was not only 100% occupied, but also maintained that occupancy through the coronavirus pandemic. At the end of 2021, this downtown Lowell property was sold for nearly $11 million.