LAKEWOOD, CA. — October 2026 — Faris Lee Investments, a leading national retail investment sales firm, announced 2 successful closings totaling $76 million as part of the strategic break up strategy of Lakewood Center. Tenants included Home Depot, Albertsons , Burlington, 24 HR Fitness and Bank of America . Faris Lee Investments represented the seller, a consortium of multiple owners.
The acquisition brings together several nationally recognized retail brands in one of Southern California’s most established and heavily trafficked retail destinations.
The transaction was led by Don MacLellan, Managing Principal; Jeff Conover, Managing Principal, Scott DeYoung, Senior Managing Director, and Greg Lukosky, Director.
“Transactions of this caliber require a deep understanding of both the real estate and the investment objectives of the buyer,” said Don MacLellan. “Lakewood Center is an exceptional retail destination, and the opportunity to acquire five strong national tenants in such a supply-constrained Southern California location is extremely compelling.
A Trophy Southern California Retail Asset
Lakewood Center represents one of the most dominant retail destinations in the Los Angeles region. The center attracts more than 22 million visitors annually and ranks as the #1 consumer destination in California and #2 nationally based on Placer.ai visitation data. The center is also home to major national retailers including Costco, Target, Home Dept and Albertsons , complemented by a broad collection of restaurants and outparcel retailers.
Lakewood Center occupies a full city block at four major signalized intersections, with Del Amo Boulevard, Lakewood Boulevard, Clark Avenue and Candlewood Street generating combined traffic counts of approximately 112,000 vehicles per day.
About Faris Lee Investments
Faris Lee is a leading national retail investment brokerage firm with 30 years of experience in maximizing value for retail property owners. Guided by core principles of integrity, high level of real estate knowledge , and accountability, the firm is dedicated to delivering exceptional results while maintaining a strong commitment to ethical practices, collaboration, and in-depth real estate knowledge. Faris Lee’s process begins with a deep understanding of each property, followed by the application of market analytics using real-time financial, real estate, and retail data to inform strategic decisions.
By combining cutting-edge research, precise marketing strategies, and a collaborative team approach, Faris Lee maximizes sale proceeds, ensuring clients achieve exceptional results well above the competition. Their team of seasoned professionals brings extensive real estate expertise and a client-focused mindset, ensuring long-term success through creative solutions and unwavering focus for the client.
For more information, visit FarisLee.com