IRVINE, Calif., November 9, 2021 - Faris Lee Investments, a leading retail advisory, and investment sales firm arranges the $31.5 million sale of Orchard Walk East, a 150,000 square foot grocery-anchored community center at the intersection of Road 124 and Dinuba Blvd within Visalia, CA.
Don MacLellan, Senior Managing Partner of Faris Lee Investments represented the seller in the off-market sale. The buyer was not disclosed.
This center is anchored by Vallarta Supermarkets, T.J. Maxx, Ross Dress for Less, and shadow-anchored by Target. The Center includes strong retailers such as T Mobile, Pacific Dental, AT&T, and Subway & Verizon.
Faris Lee's marketing strategy focused on the strong sales volume and the high-quality of the tenant mix comprised of strong national and regional retailers.
”The buyer was highly motivated enabling us to close in the desired timeframe to address the seller’s need for certainty of close. The buyer was drawn to the quality of the center as well as the high residential growth within the trade area.” said Don MacLellan.
About Faris Lee Investments: Faris Lee Investments is a national leading retail advisory and investment sales firm. The company’s high-level retail investment advisors develop forward-thinking strategies for all retail acquisitions and dispositions and guide clients through complex transactions. Through its recent strategic affiliation with X-Team Retail Advisors, a nationwide partnership of seasoned retail leasing experts, Faris Lee offers a fully integrated platform with disciplined expertise in landlord leasing, tenant representation, and investment sales to maximize value for clients.