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Faris Lee Investments Completes Clients 1031 Exchange Through Upleg Purchase of a $2.25 Million Sale of a Single-Tenant Triple-Net Leased Property Occupied by Jack in the Box in St. George, Utah

IRVINE, Calif., April 20, 2018 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $2.25 million sale of a 3,260-square-foot single-tenant retail property that is triple-net leased to a Jack in the Box franchisee. Managing Directors Joe...
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Faris Lee Investments Joins X-Team Retail Advisors

Irvine, CA (March 22, 2018) – Faris Lee Investments is now a strategic partner with X Team Retail Advisors, an integrated retail advisory and brokerage organization consisting of  36 member firms, representing 40 markets across North...
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Faris Lee Investments Completes $5.48 Million Ground Lease Sale of Raising Cane’s in Laguna Hills, CA

South Orange County Trophy Property is Across the Street from Laguna Hills Mall
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Faris Lee Investments Completes $10 Million Sale of Rite Aid-Occupied Property in Los Angeles, California

IRVINE, Calif., February 15, 2018 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $10 million sale of a 12,573-square-foot retail property on 1.08 acres located at 959 Crenshaw Blvd. in Los Angeles. The free-standing building is...
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Faris Lee Investments Completes $21 Million Sale of Southwood Village in Torrance, California

IRVINE, Calif., February 14, 2018 – Faris Lee Investments has completed the $21 million sale of Southwood Village, a 66,958-square-foot neighborhood retail center in Torrance, Calif. Faris Lee’s President and CEO Richard Chichester and Senior Managing Partner Donald MacLellan represented...
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Faris Lee Investments Completes $16.8 Million Sale of a CVS/Pharmacy-Occupied Single-Tenant Retail Property in San Francisco

Transaction breaks records for lowest cap rate and highest price per square foot for a CVS property sold over $10 million
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Faris Lee Investments Completes $15 Million Sale of Office Building in Long Beach, California

IRVINE, Calif., February 6, 2018 – Faris Lee Investments has completed the $15 million sale of a newly built, freestanding, 40,376-square-foot office building in Long Beach, Calif. It is fully occupied by United Pacific, one of the largest independent owners...
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Faris Lee Investments Completes $5.73 Million Sale of Lakeshore Village Marketplace in Moreno Valley, California

IRVINE, Calif., January 31, 2018 – Faris Lee Investments has completed the $5.73 million sale of Lakeshore Village Marketplace, a value-add, 80,000-square-foot neighborhood retail center in Moreno Valley, Calif. Faris Lee’s Senior Managing Partner Donald MacLellan and Director Joseph Chichester...
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Faris Lee Investments Completes $4.82 Million Sale of Baker Ranch Center in Lake Forest, California

Retail property sale breaks record for one of the highest price per square foot at over $800 for South Orange County for past 12 months
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Faris Lee Investments Completes $15 Million Sale of a CVS Beach Garfield Center in Huntington Beach, California

IRVINE, Calif., January 18, 2018 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $15 million sale of CVS Beach Garfield Center, a 31,140-square-foot neighborhood retail property anchored by CVS/pharmacy on Beach Blvd. in Huntington Beach, Calif....
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Faris Lee Investments Completes $3.17 Million Sale of a Single-Tenant NNN-Lease Property Occupied by Starbucks Coffee in Fontana, California

IRVINE, Calif., January 12, 2018 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $3.17 million sale of a newly developed, 2,500-square-foot single-tenant, triple net-leased retail property that is occupied by Starbucks Coffee with a drive-thru.  The...
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Faris Lee Investments Completes $6.1 Million Sale of a Single-Tenant NNN-Lease Property Occupied by Crunch Fitness in Van Nuys, California

IRVINE, Calif., January 11, 2018 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $6.1 million sale of a recently renovated 20,662-square-foot single-tenant, triple net-leased retail property that is occupied by Crunch Fitness in Van Nuys, Calif....
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Faris Lee Investments Completes $6.05 Million Sale of a Single-Tenant Retail Property Occupied by Walgreens in Denver Sub-Market

IRVINE, Calif., December 7, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $6.05 million sale of a 14,990-square-foot freestanding retail property triple-net leased to Walgreens in Northglenn, CO, a city 20 miles north of downtown...
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Faris Lee Investments Completes $3.5 Million Ground Lease Sale of McDonald’s-Occupied Property in Atlanta, Georgia

IRVINE, Calif., October 25, 2017 – Faris Lee Investments has completed the $3.5 million absolute NNN ground lease sale of a single-tenant freestanding retail building occupied by McDonald’s in Atlanta, GA. Director Scott DeYoung and Senior Managing Director Jeff Conover...
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Faris Lee Investments Completes $3.53 Million Sale of a Two-Tenant Retail Property in Moreno Valley, California

IRVINE, Calif., October 19, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the approximately $3.53 million sale of a 6,440-square-foot retail building in Moreno Valley, Calif. The property is fully occupied by two corporate tenants –...
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Faris Lee Investments Completes Two Sales Totaling $7.35 Million at Destination O-Eight Retail Center in Palmdale, California

Two new freestanding buildings are occupied by Planet Fitness and Dollar Tree
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Faris Lee Investments Completes $48 Million Sale of Northglenn Marketplace in Denver Colorado Area

IRVINE, Calif., October 11, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $48 million sale of Northglenn Marketplace, a 439,063-square-foot community center in Northglenn, CO, within the Denver MSA. Donald MacLellan, senior managing partner, Rick...
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Faris Lee Investments Completes $3.35 Million Sale of a Retail Property Occupied by Slim Chickens in a Suburb of San Antonio, Texas

IRVINE, Calif., October 10, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $3.35 million sale of a recently developed 3,818-square-foot single-tenant retail property occupied by Slim Chickens, an expanding fast-casual restaurant chain. The property is...
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Faris Lee Investments Completes $21.8 Million Sale of Coconut Grove Marketplace in Kailua-Kona, Hawaii

IRVINE, Calif., September 28, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $21.8 million sale of Coconut Grove Marketplace, an oceanfront 49,513-square-foot retail center located at 75-5815 Ali’i Drive in the retail hub of Kailua-Kona...
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Faris Lee Investments Completes $4.025 Million Sale of a Newly Redeveloped Retail Property in Riverside, California

IRVINE, Calif., September 7, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $4.025 million sale of a 5,231-square-foot retail property leased to three food operators in Riverside, Calif. The tenants include Jamba Juice, Jimmy John’s,...
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Newsletter

Newsletter

Faris Lee Investments Joins X-Team Retail Advisors

Irvine, CA (March 22, 2018) – Faris Lee Investments is now a strategic partner with X Team Retail Advisors, an integrated retail advisory and brokerage organization consisting of  36 member firms, representing 40 markets across North...
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A Missing Marketplace: Joint Venture Advisory Fills a CRE Void

Although Faris Lee’s primary business remains advising investors and developers looking to sell or acquire assets, joint venture advisory has emerged as an in-demand and synergistic offering. Senior managing director, Nicholas Coo explains.  A successful...
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Client Perspective: “Faris Lee is a Different Breed of Broker”

Sustaining relationships over time is critical to brokerage success. Long-time Faris Lee client, Joe Goveia, Owner of Goveia Commercial Real Estate (GCRE), tells us what he values most and how Faris Lee has helped him...
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Mind the Gap: Buyers vs. Sellers at Year-End 2016

Faris Lee director, Joe Chichester, examines the seller’s perspective, while senior managing director, Shaun Riley, speaks from the buyer’s standpoint on how pricing looks for retail assets in today’s market. The Sell Side: Joe Chichester...
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A Message From the President and CEO, Rick Chichester

The November election, both historic and unprecedented, certainly has everyone asking the obvious questions of how, why and what. How did this happen? Why did this happen? What does this mean? In my opinion, the...
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What’s Your Retail Game Plan?

Visit Faris Lee at ICSC San Diego to Create a Winning Strategy - Booth #603
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The Raw Ingredients for Grocery Success in California

By Don MacLellan, Senior Managing Partner
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When Creativity Conquers Complexity, Everyone Wins

Faris Lee Excels in a Deal that Presented Some Tough Challenges
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Reading the Economic Tea Leaves

By Rick Chichester, President and CEO
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Schedule a Meeting with us at ICSC RECon – May 22-25, Las Vegas

Our team is looking forward to the annual journey to Las Vegas for ICSC RECon. There is no better place to get immediate input and insight on the trends driving every sector of retail from...
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Three Questions with Shaun Riley, Senior Managing Director, Faris Lee Investments

What economic trends are you watching? There is ongoing volatility in financial, materials, and energy sectors this year, plus we’re experiencing meager economic growth abroad leading to negative interest rates. Investors lack confidence in alternative...
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Direct vs Fund Investing: What We Heard at the Real Estate Family Office & Private Wealth Management Forum

If you’re looking for real estate investment diversification strategies, perhaps you’ve considered the merits of direct investment vs funds. Rick Chichester, CEO of Faris Lee Investments, spoke as part of a panel presentation that discussed...
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Tailored Real Estate Strategies for High-Net-Worth Investors : The Webinar

Thank you for joining our presentation of Tailored Real Estate Strategies for High Net Worth Investors. Download a copy of the PPT slides or a copy of Rick’s personal notes from the webinar. For a copy of...
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A Message from the CEO – Rick Chichester

I recently had the pleasure of partnering with Ethan Penner, founder and managing partner, Mosaic Real Estate Investors, to develop and present a webinar with National Real Estate Investor. The webinar was designed for the...
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Events

Faris Lee 2018 Events

Media Coverage

Media Coverage

Retail Is Becoming A Niche Market

As the retail market evolves, retail brokerage is quickly adapting with new training programs for the next generation.
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Faris Lee Investments Joins X Team Retail Advisors

Irvine, CA-based Faris Lee Investments is now a strategic partner with X Team Retail Advisors, an integrated retail advisory and brokerage organization. The group consists of 36 member firms representing 40 markets across North America, and comprised...
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Faris Lee Investments Joins X-Team Retail Advisors

Irvine, CA (March 22, 2018) – Faris Lee Investments is now a strategic partner with X Team Retail Advisors, an integrated retail advisory and brokerage organization consisting of  36 member firms, representing 40 markets across North...
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Faris Lee Partners With X-Team

The two retail advisory and brokerage firms form a strategic partnership to better service clients and curb competition, GlobeSt.com has learned EXCLUSIVELY.
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Ground-Leased Raising Cane’s Restaurant Sells for $5.5 Mil

A Redondo Beach-based private investor paid $5.48 mil for a ground-leased Raising Cane’s property in Laguna Hills. According to Costar, the transaction is the first sale of a single-tenant Raising Cane’s in California.  The property...
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Faris Lee Brokers $10M Sale of Rite Aid-Occupied Property in Los Angeles

LOS ANGELES — Faris Lee Investments has arranged the sale of a retail property located at 959 Crenshaw Blvd. in Los Angeles. Rite Aid occupies the 12,573-square-foot building, which is situated on 1 acre. A...
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Moreno Valley’s Lakeshore Village Marketplace sold

By RICHARD K. DE ATLEY | PUBLISHED: February 19, 2018 at 2:02 pm | UPDATED: February 19, 2018 at 2:04 pm Lakeshore Village Marketplace, an 80,000 square-foot shopping center in the Sunnymead Ranch neighborhood of Moreno Valley, has been sold...
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Faris Lee Arranges Sale of Retail Center in CA

Southwood Village, a 66,958-square-foot facility in Torrance, Calif. traded to a private 1031-exchange buyer, based in the South Bay. The asset changed hands for $21 million.
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Faris Lee Brokers $21M Sale 66,958 SF Retail Center in Torrance, California

POSTED ON FEBRUARY 16, 2018 BY NELLIE DAY IN CALIFORNIA, RETAIL, WESTERN TORRANCE, CALIF. — Faris Lee Investments has arranged the sale of Southwood Village, a neighborhood retail center located at 22214-22251 and 22217-22251 Palos Verdes Blvd. and 5230 Sepulveda Blvd. in...
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Private Investor Pays $21M for Southwood Village in Torrance

BIG Shopping Centers USA Sells 67,000-SF Retail Strip
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South Bay Retail Center Acquired by Exchange Buyer in $21 Mil Deal

In a recent retail investment comp out of LA’s South Bay region, a private 1031 exchange investor paid $21 mil for Southwood Village, a 67k sf ($313/sf) neighborhood retail center in Torrance.  Situated on just...
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Faris Lee Arranges $21 Million Sale of Retail Center in Southern California

February 15, 2018 | Published in The Latest News   Torrance, Calif. — Faris Lee Investments has arranged the $21 million sale of Southwood Village, a 66,958-square-foot shopping center in Torrance, a city in southern California. Richard...
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Long Beach Office Building Trades for $15 Mil

A newly built, freestanding, 40.4k sf office building in Long Beach sold for $15 mil ($370/sf). The property is fully occupied by United Pacific, one of the largest independent owners and operators of gas stations...
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United Pacific Sheds CA Office Asset in Sale-Leaseback Deal

The company sold the nearly 41,000-square-foot property for $15 million and signed a 10-year lease with the new owner, a Northern California-based company.
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Private Investor Buys 80k sf Retail Center in Moreno Valley

An unnamed SoCal investor paid $5.73 mil for Lakeshore Village Marketplace, an 80k sf ($72/sf), value-add neighborhood retail center in Moreno Valley. The property was sold by two family trusts from Los Angeles.  Built in...
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$5.7 Million Sale of Lakeshore Village Marketplace in Moreno Valley

Moreno Valley, CA – Faris Lee Investments has completed the $5.73 million sale of Lakeshore Village Marketplace, a value-add, 80,000-square-foot neighborhood retail center in Moreno Valley, Calif. Faris Lee’s Senior Managing Partner Donald MacLellan and Director Joseph Chichester...
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Baker Ranch Investment Buys Retail Center for $4.8M in Lake Forest, California

LAKE FOREST, CALIF. — Baker Ranch Investment LLC acquired Baker Ranch Center, a retail center located at 20491 Alton Parkway in Lake Forest, for $4.8 million. The 6,000-square-foot property is 100 percent triple-net leased to...
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OC Retail Center Goes for $800/sf

Baker Ranch Center, a newly developed, 6k sf retail center in Lake Forest, sold for $4.82 mil, or about $800/sf. The property is 100% NNN-leased to four tenants: Tenko Sushi & Teriyaki; Ameci Pizza; Sage...
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Faris Lee Arranges $15M Sale of CVS/Pharmacy-Anchored Center in Huntington Beach

HUNTINGTON BEACH, CALIF. — Faris Lee Investments has arranged the $15 million sale of CVS Beach Garfield Center, a 31,140-square-foot retail property anchored by a freestanding CVS/Pharmacy in Huntington Beach. Shaun Riley of Faris Lee...
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Faris Lee Arranges $15 Million Sale of CVS/pharmacy-Anchored Center in Southern California

  Huntington Beach, Calif. — Faris Lee Investments has arranged the $15 million sale of CVS Beach Garfield Center, a 31,140-square-foot retail property anchored by a freestanding CVS/pharmacy in Huntington Beach. Shaun Riley of Faris Lee...
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