Houston, TX – Faris Lee Investments, a leading national retail investment sales firm, has successfully completed the sale of Lakewood Forest Center, a 108,000 sqft high-quality, well-located retail property positioned within one of Houston’s most established trade areas. Anchored by Dollar Tree and Planet Fitness, Lakewood Forest Center benefits from a strong tenant mix, long-term historical occupancy, and value-add potential through lease-up opportunities.
Don MacLellan, Managing Principal represented a Houston based investor , navigating the transaction through a complex loan assumption while maintaining the seller’s desired pricing expectations. The deal underscores the firm’s expertise in managing nuanced transactions and achieving optimal outcomes for its clients.
Faris Lee executed a marketing strategy focused on highlighting the property’s anchor tenant strength and location fundamentals. The campaign leveraged recent anchor leases with Dollar Tree and Planet Fitness, & utilized the firm’s CMBS special servicer relationships to expedite the process, and emphasized the center’s consistent performance over time.
Faris Lee ultimately procured a local family office buyer who recognized the long-term stability, below-market assumable financing, and lease-up upside of the asset.
This transaction highlights Faris Lee Investments’ proven ability to deliver results for owners of anchored retail centers nationwide, aligning marketing strategy with asset positioning to achieve successful closings within client pricing and timing goals.
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