RealEstateRama Authors Posts by Faris Lee Investments
IRVINE, CA - November 16, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment advisory firm, has announced the $9.7 million sale of Baldwin Park Towne Center. Built in 1987, the 24,605-square-foot, multi-tenant retail property located at 14510 Baldwin Park Towne Center includes GameStop, Verizon, AT&T, Adriana’s Insurance and Tortas Sinaloa Restaurant as tenants. The property also benefits from the fact that it is co-occupied by such national tenants as Home Depot, McDonald’s, Denny’s, and a Marriott Courtyard Hotel.
Irvine, CA - October 11, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment advisory firm, has recently closed several single-tenant NNN leased property sales totaling more than $6.5 million including a property occupied by Del Taco in McKinney, TX, a property occupied by Carl’s Jr. in Newhall, Calif., and a property occupied by Wells Fargo in Stallings, NC. With this recent deal activity, the firm has completed a total of 20 single-tenant, NNN leased retail property transactions this year valued in excess of $50 million, proving that the single-tenant property category continues to be in demand by investors.
IRVINE, CA - October 11, 2011 - (RealEstateRama) -- Faris Lee Investments has expanded its Investment Banking platform with the addition of 25-year real estate industry veteran Terry Thompson who will lead a national focus on institutional client growth as well as account management as managing director, business development. For Faris Lee, this year marked an increased emphasis on positioning the firm’s investment sales expertise and capital markets intelligence on a national level as part of an integrated investment services platform that encompasses Faris Lee Investment Banking, Faris Lee Capital, and Faris Lee Advisors. Thompson’s hiring is an important element in the firm’s overall services platform delivery to Faris Lee’s growing institutional client base across the U.S.
Faris Lee Investments Completes Receivership Sale of $3.7 Million Multi-Tenant Retail/Office Property in Aliso...
Irvine, CA - September 21, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment sales and advisory firm, has completed the $3.7 million sale of The Shops at Pacific Park, a 15,195 square foot multi-tenant retail and office strip center in Aliso Viejo, Calif. Built in 1999 and situated on 1.18 acres, the property is located at 22912 Pacific Park Drive. The property, which was sold through receivership, is 88 percent occupied and includes a mix of dining, retail, and office tenants.
Irvine, CA - June 23, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $16.5 million sale of Westchester Place, a two-story 50,861-square-foot retail center located at 8820-8844 South Sepulveda Blvd. in Los Angeles. Built in 2007 and situated on 1.71 acres, tenants include: Bed Bath & Beyond, Starbucks Coffee, Wells Fargo and Movement Performance Institute.
Irvine, CA - April 25, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $12.5 million sale of Shoppes at Puente Hills Mall, a 20,174-square-foot retail center located at 17501 Colima Rd. in City of Industry. Built in 2009 and situated on 2.52 acres, the center is an outparcel to the very successful Puente Hills Mall. The property is 87 percent occupied and includes Panera Bread, Chipotle, The Vitamin Shoppe, Wing Stop, T-Mobile, Jamba Juice, and others.