RANCHO SANTA MARGARITA, CA – November 21, 2024 – Faris Lee Investments, a leading national retail investment sales advisory firm, is pleased to announce the successful all-cash sale of Santa Margarita Marketplace for $22.76 Million. The transaction, completed on behalf of seller K&G Marketplace, was acquired by Curbline Properties, a publicly traded REIT. This marks the third sale by Faris Lee Investments of the seller’s retail portfolio in Rancho Santa Margarita totaling over $93 Million in consideration.
This 29,418 square-foot retail center features three multi-tenant, free-standing pad buildings and is anchored by national tenants including Starbucks, Luna Grill, and Philly’s Best.
Faris Lee’s Scott DeYoung (Senior Managing Director), Chris DePierro (Managing Director), Jeff Conover (Managing Principal), and Greg Lukosky (Director) represented the Seller in the transaction.
Prime Location with High-Quality Tenants Drives Strong Investment Appeal
Located at the signalized corner of Santa Margarita Parkway and Avenida de Las Flores, Santa Margarita Marketplace benefits from its positioning in one of South Orange County’s most affluent and desirable retail corridors. With over 68,000 vehicles passing daily, the property attracts a steady flow of high-income shoppers, reinforced by neighboring national retailers such as Lowe’s, Walmart, Target, and Cinepolis.
A Track Record of Success in South Orange County
In the past 45 days alone, Faris Lee Investments has successfully closed approximately $41.7 Million in retail investments in the City of Rancho Santa Margarita.
“This latest transaction further underscores Faris Lee’s position as the go-to advisor for retail investment sales in South Orange County, which now totals over 66 separate properties sold for a total consideration of over $730 Million.” said Jeff Conover, Managing Principal at Faris Lee Investments. “Our deep market expertise, combined with our ability to execute complex deals, makes us the preferred partner for both buyers and sellers in this competitive market.”
About Faris Lee Investments:
Faris Lee Investments is one of the leading retail investments firms in the US and is one of the original firms specializing in retail investment sales throughout the country. Faris Lee combines underwriting and market research that exceeds industry standards with a custom strategy to maximize values for their clients’ .The firm also serves as high level investment advisors in the areas of dispositions, acquisitions & recapitalizations as well as, distressed asset disposition, portfolio sales, and corporate sale-leaseback. For more information, visit www.farislee.com
This 29,418 square-foot retail center features three multi-tenant, free-standing pad buildings and is anchored by national tenants including Starbucks, Luna Grill, and Philly’s Best.
Faris Lee’s Scott DeYoung (Senior Managing Director), Chris DePierro (Managing Director), Jeff Conover (Managing Principal), and Greg Lukosky (Director) represented the Seller in the transaction.
Prime Location with High-Quality Tenants Drives Strong Investment Appeal
Located at the signalized corner of Santa Margarita Parkway and Avenida de Las Flores, Santa Margarita Marketplace benefits from its positioning in one of South Orange County’s most affluent and desirable retail corridors. With over 68,000 vehicles passing daily, the property attracts a steady flow of high-income shoppers, reinforced by neighboring national retailers such as Lowe’s, Walmart, Target, and Cinepolis.
A Track Record of Success in South Orange County
In the past 45 days alone, Faris Lee Investments has successfully closed approximately $41.7 Million in retail investments in the City of Rancho Santa Margarita.
“This latest transaction further underscores Faris Lee’s position as the go-to advisor for retail investment sales in South Orange County, which now totals over 66 separate properties sold for a total consideration of over $730 Million.” said Jeff Conover, Managing Principal at Faris Lee Investments. “Our deep market expertise, combined with our ability to execute complex deals, makes us the preferred partner for both buyers and sellers in this competitive market.”
About Faris Lee Investments:
Faris Lee Investments is one of the leading retail investments firms in the US and is one of the original firms specializing in retail investment sales throughout the country. Faris Lee combines underwriting and market research that exceeds industry standards with a custom strategy to maximize values for their clients’ .The firm also serves as high level investment advisors in the areas of dispositions, acquisitions & recapitalizations as well as, distressed asset disposition, portfolio sales, and corporate sale-leaseback. For more information, visit www.farislee.com