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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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Faris Lee Investments Completes $20.675 Million Sale of Southridge Plaza in Fontana, California

IRVINE, Calif., August 9, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $20.675 million sale of Southridge Plaza, a 119,359-square-foot grocery/drug-anchored retail center in Fontana, Calif. Donald MacLellan, senior managing partner, Nicholas Coo, senior managing...
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Faris Lee Investments Completes $13.5 Million Sale of a CVS/Pharmacy-Occupied Single-Tenant Retail Property in Norwalk, California

IRVINE, Calif., August 3, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $13.5 million sale of a 24,130-square-foot freestanding retail property triple-net leased to CVS/Pharmacy in Norwalk, Calif. Nicholas Coo, senior managing director, and Joseph...
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Faris Lee Investments Completes $7.3 Million Sale of Palm Canyon Shopping Center in Downtown Palm Springs, California

IRVINE, Calif., July 27, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $7.3 million sale of Palm Canyon Shopping Center, an approximately 40,000-square-foot retail center located at 471 South Indian Canyon Drive in the heart...
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Faris Lee Investments Completes $2.48 Million Sale of a Single-Tenant NNN-Leased Property Occupied by Starbucks Coffee in Lake Forest, California

Property sells for a record low cap rate of 3.48 percent
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Faris Lee Investments Completes $7.05 Million Sale of The Shops at Hammer & West in Stockton, California

IRVINE, Calif., July 6, 2017 – Faris Lee Investments has completed the $7.05 million sale of The Shops at Hammer & West, a 15,314-square-foot multi-tenant retail strip center in Stockton, Calif. Senior Managing Director Jeff Conover of Faris Lee Investments represented...
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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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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 2018 Events

Media Coverage

Media Coverage

NY-Based Investment Entity Pays $1,268/sf for Newly Constructed Inland Empire Starbucks

New York-based Fata Organization LLC recently purchased a newly developed, 2.5k sf single-tenant, NNN-leased retail property that is occupied by Starbucks Coffee with a drive-thru. The property, located at 17142 Slover Ave in Fontana, traded...
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Faris Lee Arranges $3.2M Sale of Starbucks Property in Fontana, California

FONTANA, CALIF. — Faris Lee Investments has arranged the $3.2 million sale of a newly developed, 2,500-square-foot property triple-net-leased to Starbucks Coffee in Fontana. Christopher DePierro and Jeff Conover of Faris Lee arranged the transaction...
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Net Lease Properties Maintain Pace

The market for single tenant net lease properties in 2017 operated in an environment of ambivalence. At issue were the political uncertainty following the election of a new U.S. president along with uncertainty regarding how...
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Faris Lee Arranges $3.2 Million Sale of Starbucks-Occupied Property in Southern California

  Fontana, Calif. — Faris Lee Investments has arranged the $3.2 million sale of a newly developed, 2,500-square-foot property triple-net-leased to Starbucks Coffee in Fontana. Christopher DePierro and Jeff Conover of Faris Lee arranged the transaction...
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$3.15 Million Sale of a Single-Tenant Property in Fontana

Fontana, CA –  Faris Lee Investments has completed the $3.15 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 property is located on Slover Avenue...
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What Do Single-Tenant Net Lease Deals Offer High-Net-Worth Investors?

HNW investors are especially attracted to single-tenant net lease deals in the retail sector.
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Old School Reality Meets New Retail Challenges

There’s something very Old School about the winners and losers in the current retail climate. That, at any rate, is Rick Chichester’s take, as the Faris Lee executive explains in this exclusive video interview from the ICSC New York Deal Making Conference.
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Denver Walgreens Property Sells for $6 Mil

Denver-based Governors Park Lofts LLC paid $6.05 mil for a 15k sf ($403/sf), freestanding retail property NNN-leased to Walgreens in Northglenn, CO, a city 20 miles north of downtown Denver.  Built in 2001, the property...
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Faris Lee Arranges $6.1M Sale of Walgreens Property in Metro Denver

NORTHGLENN, COLO. — Faris Lee Investments has arranged the $6.1 million sale of a 14,990-square-foot retail property triple-net-leased to Walgreens in Northglenn, located 20 miles north of Denver. Shaun Riley of Faris Lee Investments arranged...
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Why Senior Housing is Poised to Replace Shopping Malls

These days, it’s not uncommon to stumble upon a medical office or health care clinic within a shopping mall or large retail center. Soon, that may also be true of senior housing communities, Gene Ventura, senior managing...
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Faris Lee Investments Arranges $6.1 Million Sale of Walgreens-Leased Property in Metro Denver

Northglenn, Colo. — Faris Lee Investments has arranged the $6.1 million sale of a 14,990-square-foot retail property triple-net-leased to Walgreens in Northglenn, located 20 miles north of Denver. Shaun Riley of Faris Lee Investments arranged the...
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Faris Lee Completes Sale of CO Retail Asset

Governors Park Lofts LLC has acquired the freestanding retail property for $6.1 million. The transaction closed at a 6.5 percent cap rate.
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Is Senior Housing An Answer For Vacant Retail?

IRVINE, CA—As e-commerce continues to alter the retail industry, owners have turned to ever more creative solutions to fill vacant properties left in the wake of this transition. Should senior housing be one of the...
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“No Magic Bullets” During The Retail Evolution

IRVINE, CA—Retail property investors have seen their fair share of scares this year, from the Toys ‘R’ Us bankruptcy filing to the closings of Radio Shack and Payless ShoeSource, among others. Meanwhile, big box concepts and malls continue to give reason for...
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Faris Lee Arranges $3.5 Million Sale of Two-Tenant Retail Building in Southern California

  MORENO VALLEY, CALIF. — Faris Lee Investments has arranged the $3.5 million sale of a 6,440-square-foot retail building in Moreno Valley.The property was triple-net-leased to TitleMax and Coast Dental at the time of sale.Patrick Toomey...
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Faris Lee Arranges $3.5M Sale of Two-Tenant Retail Building in Moreno Valley

MORENO VALLEY, CALIF. — Faris Lee Investments has arranged the $3.5 million sale of a 6,440-square-foot retail building in Moreno Valley. The property was triple-net-leased to TitleMax and Coast Dental at the time of sale....
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Faris Lee Arranges $7.4 Million Sale of Two Retail Buildings in Palmdale, California

  PALMDALE, CALIF. — Faris Lee Investments has arranged the sale of two single-tenant, freestanding retail buildings in Palmdale for a combined total of $7.4 million. The newly developed properties are located within the Destination O-Eight...
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Faris Lee Arranges $7.4M Sale of Two Retail Buildings in Palmdale

PALMDALE, CALIF. — Faris Lee Investments has arranged the sale of two single-tenant, freestanding retail buildings in Palmdale for a combined total of $7.4 million. The newly developed properties are located within the Destination O-Eight...
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Faris Lee Arranges $7.4 Million Sale of Two Retail Buildings in Palmdale, California

Palmdale, California — Faris Lee Investments has arranged the sale of two single-tenant, freestanding retail buildings in Palmdale for a combined total of $7.4 million. The newly developed properties are located within the Destination O-Eight power...
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Two Freestanding Buildings within Palmdale Power Center Go for $7.35 Mil

Two newly developed buildings located within the Destination O-Eight retail power center in Palmdale have sold for a combined $7.35 mil. Together, the properties total 30k sf.  One of the assets, occupied by Planet Fitness,...
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