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Faris Lee Investments Completes $2.38 Million Sale of a Retail Strip Center in Pueblo West, Colorado

IRVINE, Calif., June 20, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the nearly $2.38 million sale of Pueblo West Retail Center, a 13,000-square-foot, strip center property in Pueblo West, CO. The triple-net leased asset is...
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Faris Lee Investments Completes $6.6 Million Sale of Mixed-Use Property in Dana Point, California

IRVINE, Calif., June 12, 2017 – Faris Lee Investments has completed the $6.6 million sale of La Plaza Pacifica, an approximately 14,900-square-foot, 95 percent occupied multi-tenant retail and office property in Dana Point, Calif. Senior Managing Director Jeff Conover of Faris...
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Faris Lee Investments Completes $9.2 Million Sale of Cornwell Business Center in Oceanside, California

IRVINE, Calif., June 7, 2017 – Faris Lee Investments, has completed the $9.2 million sale of Cornwell Business Center, a two-building flex industrial property totaling 49,569 square feet in Oceanside, Calif. Senior Managing Director Jeff Conover, and Director Scott DeYoung of...
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Faris Lee Investments Completes $12.5 Million Sale of Two Retail Buildings Occupied by CVS/pharmacy and Starbucks in Paramount, California

IRVINE, Calif., June 6, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $12.5 million sale of two free-standing, single-tenant net-leased buildings totaling 15,772 square feet on a 1.52-acre land parcel in Paramount, a city within...
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Faris Lee Investments Completes $24.83 Million Sale of Gateway Center in Escondido, California

IRVINE, Calif., May 3, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the nearly $24.83 million sale of Gateway Center, an 89,625-square-foot retail center in Escondido, Calif. The property is 95 percent occupied with anchor tenants,...
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Faris Lee Investments Completes $4.6 Million Acquisition of a Fully Occupied Retail Center in Katy, Texas

Transaction was a strategic upleg in a 1031 exchange which brought the buyer out of California for a stronger return
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Faris Lee Investments Completes $1.42 Million Sale of a Retail Property in La Jolla, California

IRVINE, Calif., April 14, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $1.42 million sale of a 2,550-square-foot, multi-tenant property in La Jolla, Calif. Tom Chichester, managing director with Faris Lee Investments, represented the buyer,...
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Faris Lee Investments Completes $4.85 Million Sale of a Rite Aid-Occupied Single Tenant Retail Property in Pomona, California

IRVINE, Calif., March 7, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $4.85 million sale of a 16,708-square-foot, single-tenant triple-net leased property occupied by Rite Aid in Pomona, Calif. Jeff Conover, senior managing director with...
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Faris Lee Investments Completes $3.54 Million Sale of a Denny’s-Occupied Single Tenant Retail Property in Riverside, California

IRVINE, Calif., March 1, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the approximately $3.54 million sale of a 3,700-square-foot, single-tenant triple-net leased property occupied by Denny’s in Riverside, Calif. Denny’s has been at this proven...
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Faris Lee Investments Taps Developer, Long-Time Client Gene Ventura to Head Chicago Office Expansion

IRVINE, Calif., February 13, 2017 – Faris Lee Investments has announced the addition of Gene Ventura as senior managing director. Ventura, an office and retail developer and long-time Faris Lee client, brings three decades of commercial...
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Faris Lee Investments Completes $3.28 Million Sale of a U.S. Bank-Occupied Single Tenant Retail Property in Hesperia, California

IRVINE, Calif., January 31, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $3.28 million sale of a single-tenant triple-net leased property occupied by U.S. Bank in Hesperia, Calif. Nicholas Coo, senior managing director, and Joseph...
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Faris Lee Investments Completes $5.2 Million Sale of a Multi-Tenant Retail Property in Lathrop, California

IRVINE, Calif., December 12, 2016 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $5.2 million sale of Lathrop Crossing, a 16,303-square-foot multi-tenant retail property in Lathrop, Calif., a Central California city located south of Stockton. Jeff...
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Faris Lee Investments Completes Record-Breaking Ground Lease Sale of Newly Developed El Pollo Loco-Occupied Property in Moreno Valley, California

IRVINE, Calif., October 25, 2016 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $1.62 million ground lease sale of a freestanding, 2,975-square-foot retail property in Moreno Valley, Calif. The property includes a newly developed single-tenant restaurant...
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Faris Lee Investments Crafts Complex Transaction Strategies to Close $56 Million Sale of Shopping Center in Rancho Santa Margarita, California

IRVINE, Calif., October 20, 2016 – Faris Lee Investments is pleased to announce the successful close of escrow on a highly complex real estate transaction that has resulted in the $56.6 million sale of a legacy quality shopping center in...
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Faris Lee Investments Completes $7.75 Million Sale of CVS-Occupied Single Tenant Retail Property in Daly City, California

Zero cash flow property sells at 40% equity over debt, breaking national record
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Faris Lee Investments Completes $3.51 Million Sale of a Single-Tenant Retail Property Occupied by Chicago Fire Pizza in Elk Grove, California

IRVINE, Calif., September 22, 2016 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $3.51 million sale of a 7,096-square-foot retail property in Elk Grove, Calif. The property includes a single-tenant freestanding restaurant building that is NNN-leased...
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Faris Lee Investments Completes $2.6 Million Sale of a Freestanding Property Occupied by CVS Pharmacy in Anderson, Indiana

IRVINE, Calif., September 13, 2016 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $2.6 million sale of a freestanding, 10,125-square-foot, single-tenant retail property NNN-leased to CVS Pharmacy with a drive-thru in Anderson, IN. Jeff Conover, senior...
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Faris Lee Investments Completes Record-Breaking $13.69 Million Sale of a Retail Property Occupied by Mimi’s Café and Islands in Irvine, California

Sale marks highest price per square foot and lowest cap rate for a multi-tenant property in excess of $10 million in Orange County
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Faris Lee Investments Completes $4.55 Million Sale of Shops at Aspera in Glendale, Arizona

IRVINE, Calif., August 30, 2016 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $4.55 million sale of Shops at Aspera, a fully occupied, 7,871-square-foot multi-tenant retail center in Glendale, AZ. Tenants at the newly developed center...
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Faris Lee Investments Completes $6 Million Sale of Single-Tenant Retail Property Occupied by 24 Hour Fitness in Upland, California

IRVINE, Calif., August 2, 2016 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $6 million sale of a single-tenant, 33,350-square-foot, free-standing retail property occupied by 24 Hour Fitness in Upland, Calif. Jeff Conover, senior managing director...
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Newsletter

Newsletter

Please join us in welcoming Patrick Toomey to the Faris Lee team

Patrick joins the firm as senior managing director, and will lead business development, increase transaction volume, and anchor Faris Lee’s new Los Angeles office. He brings three decades of transactional and team-building experience to his...
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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 2016 Events

Media Coverage

Media Coverage

CO Retail Asset Acquired by Private Investor Out of San Clemente

Pueblo West Retail Center, a 13k sf, strip center property in Pueblo West, CO, was purchased for $2.38 mil ($183/sf) by a San Clemente-based private investor. The property, which was sold by a private investor...
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Exchange Investor Buys Oceanside Industrial Asset

Cornwell Business Center consists of two, single-story buildings and includes 165 parking stalls. The asset is 95% occupied by eight tenants, the largest being State of California, which occupies 50% of the property. It is...
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Faris Lee Secures Buyer for OC Mixed-Use Asset

Raintree Evergreen LLC acquired the 14,900-square-foot retail and office property in Dana Point, Calif., for $6.6 million, which represents a 5.5 percent cap rate.
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Coastal MXU Asset Trades in Dana Point

Faris Lee Investments has completed the $6.6 million sale of La Plaza Pacifica, an approximately 14,900-square-foot, 95% occupied multi-tenant retail and office property in Dana Point, CA. Faris Lee’s Jeff Conover represented the Orange County-based seller, Trowbridge Vaughen Vivos...
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Oceanside Flex Industrial Asset Goes for $9.2M

Cornwell Business Center, a two-building flex industrial property totaling 49,569 square feet in Oceanside, CA was acquired by San Diego-based Oceanside Avenida Del Oro, LLC for $9.2 million. The asset is situated on 5.71 acres of...
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Single-Tenant Net-Leased Buildings in City of Paramount Trade for Almost $800/sf

Two free-standing, single-tenant net-leased buildings in LA County were purchased by an overseas investor in a recent $12.5 mil transaction. The buildings, totaling 15.8k sf ($791/sf), are situated on a 1.52-acre land parcel in the...
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Faris Lee Arranges $12.5M Sale of Two Retail Buildings in Paramount

PARAMOUNT, CALIF. — Faris Lee Investments has brokered the sale of two freestanding, single-tenant retail buildings located on a 1.5-acre land parcel at 8819 Alondra Blvd. in Paramount. A private investor acquired the properties, which...
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Oceanside Industrial Property Sells for $9.2 Million

A San Diego buyer listed as Oceanside Avenida Del Oro LLC has purchased a two-building Oceanside industrial property for $9.2 million, according to brokerage firm Faris Lee Investments. The seller of Cornwell Business Center, with...
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Faris Lee Arranges $13M LA-Area Starbucks, CVS Sale

The sale price represented a cap rate of around 4.7 percent, which is the lowest for two freestanding pads sold in Southern California in 2017.
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How Real Estate Investors are Navigating a “Fully Priced” Market

For an in-depth understanding of the challenges and opportunities the industry is facing right now, NREI spoke with Rick Chichester, president and CEO of Faris Lee Investments.
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The Blending Of Retail And Industrial And What It Means To You

LAS VEGAS—Can you tell the difference between retail and industrial? It’s getting tougher, and in this video interview from RECon 2017, Faris Lee’s Rick Chichester scouts the shifting landscape between traditional retail and distribution.
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RECon RECap: Shopping Center Owners Shift Focus to Capitalize on Recaptured Store Spaces

Contrary to Gloomy Headlines, Las Vegas Convention Retail Trade Conference Attendees See Opportunity in Shifting Retail Landscape
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Seven Takeaways from ICSC RECon 2017, Day One

Here are some takeaways from day one of RECon.
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How To Take Advantage Of One Giant Platform

LAS VEGAS—According to one retail expert we spoke with, “top of the list” items for property owners include talk about the physical adaptation of retail centers. Obtaining investor feedback on several value-add and repositioning opportunities is also key at this weekend’s event ICSC RECon event.
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Big Box Centers And Malls—End Of An Era Or Long-Term Viable Concepts?

IRVINE, CA—As big box and mall retailers continue to consolidate or dissolve, the future of the big box centers and malls has fallen into serious doubt. But is all the doom and gloom warranted, or...
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Escondido Retail Center Sells for $24.83 Million

ADF Gateway LP of Rancho Santa Fe has purchased the Gateway Center retail property in Escondido for approximately $24.83 million, according to real estate services firm Faris Lee Investments. The seller of the 89,625-square-foot property,...
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“Transition” Is The Word For Single-Tenant Net Lease

IRVINE, CA—The single tenant net lease sector has come under pressure in recent years, chief among them the looming possibility of another interest rate hike. But what has that done to the sector, and is...
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Escondido Retail Center Changes Hands for $25M

Faris Lee Investments has arranged the sale of Gateway Center, an 89,625-square-foot property that was 95 percent leased at the time of the transaction.
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Escondido Retail Center Traded in $24.8 Mil Deal

Gateway Center, an 89.6k sf retail center in Escondido, traded hands in a recent $24.83 mil ($277/sf) transaction. The property is 95% occupied with anchor tenants, Michaels and Barnes & Noble, as well as a...
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Faris Lee Handles $25M Escondido Retail Sale

Faris Lee Investments completed the $24.8-million sale of Gateway Center, an 89,625-square-foot retail center in Escondido, CA. The seller was a partnership led by GDA Real Estate Services, while the buyer was a private San...
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