Mission, TX – Faris Lee Investments, a leading national retail investment sales firm, is pleased to announce the successful $16,600,000 all-cash sale of Mission Gateway, a strategically located retail asset in Mission, Texas. Faris Lee Investments represented the seller- a Texas based developer and procured the buyer - an all cash REIT.
Mission Gateway features a strong tenant mix- Burlington & Murdoch’s - with long-term leases to these top-performing retailers in their respective categories. The offering provides below replacement cost value, exceptional long-term financial stability, and a strategic location with high traffic volume near a major border crossing.
Faris Lee’s marketing strategy highlighted the strength of the tenant lineup, emphasizing Burlington & Murdoch’s dominant market share and exceptional store sales performance. The firm specifically targeted all-cash investors, particularly REITs with prior experience owning Murdoch’s locations. As a result, Faris Lee successfully identified and captured the ideal buyer profile, securing a REIT buyer who closed all cash within the seller’s objective.
Faris Lee’s marketing team included Don MacLellan (Managing Principal), Jeff Conover (Managing Principal), and Scott DeYoung (Senior Managing Director) who represented the seller in the transaction. This sale reinforces Faris Lee Investments’ expertise in strategically positioning assets to maximize value and achieve favorable outcomes for its clients in today’s competitive retail investment market
About Faris Lee Investments:
Faris Lee Investments is one of the nation’s leading retail investment advisory firms, and among the first to operate under a unified, team-oriented platform. The company combines advanced underwriting, market research, and creative marketing strategies designed to maximize client value. Faris Lee provides advisory services across dispositions, acquisitions, recapitalizations, distressed asset resolutions, portfolio sales, and corporate sale-leaseback transactions.
For more information, visit www.farislee.com