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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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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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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

SoCal center sells for $20.7 million

A limited partnership has purchased the 110,359-sq.-ft. Southridge Plaza in Fontana, California for $20.7 million. Anchored by a Rio Ranch Market, the necessity-based center is strong among Hispanic consumers in this town just east of...
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Faris Lee Arranges $20.7 Million Sale of Southridge Plaza Near San Bernardino

Fontana, Calif. — Faris Lee Investments has arranged the $20.7 million sale of Southridge Plaza, a 119,359-square-foot shopping center located nine miles west of San Bernardino in Fontana. Rio Ranch Market anchors the center, which is nearly...
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Fontana shopping center sells

A neighborhood shopping center in Fontana has been sold.. Southridge Plaza, which covers nearly 120,000 square feet at Cherry and Live Oak avenues, sold for $20.6 million, Faris Lee Investments announced last week. The seller...
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Fontana Retail Center Trades for $20.7M

Southridge Plaza, a 119,359-square-foot grocery- and drug-anchored retail center in Fontana, CA sold for nearly $20.7 million. The seller was private equity fund Fortress Investment Group, and the San Diego-based buyer was Fontana Southridge Partners,...
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Investors Trade Inland Empire Grocery/Drug-Anchored Center in $20.7 Mil Deal

In a recent Inland Empire retail investment buy, Southridge Plaza, a 119.4k sf grocery/drug-anchored retail center in Fontana, traded for $20.675 mil ($174/sf). Built in 1991, Southridge Plaza sits on 12.7 acres at 11617 Cherry...
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Faris Lee Arranges Inland Empire Retail Sale

Fontana Southridge Partners LP purchased Southridge Plaza, a 119,359-square-foot retail center in Fontana, Calif., anchored by Rio Ranch Market.
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Faris Lee Arranges $20.7M Sale of Southridge Plaza in Fontana

FONTANA, CALIF. — Faris Lee Investments has brokered the sale of Southridge Plaza, a grocery and drug-anchored retail center located at 11617 Cherry Ave. in Fontana. Fortress Investment Group sold the property to Fontana Southridge...
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$20.675 Million Sale of Southridge Plaza in Fontana

Faris Lee Investments Completes $20.675 Million Sale of Southridge Plaza in Fontana, California
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Faris Lee Arranges $20.7M Sale of Southridge Plaza in Fontana

  FONTANA, CALIF. — Faris Lee Investments has brokered the sale of Southridge Plaza, a grocery and drug-anchored retail center located at 11617 Cherry Ave. in Fontana. Fortress Investment Group sold the property to Fontana Southridge...
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Palm Springs Retail Center Changes Ownership

A Los Angeles-based private investor sold Palm Canyon Shopping Center, a 40,000-square-foot retail asset in Palm Springs, Calif. Faris Lee Investments represented both the seller and the buyer.
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$7.3 Million Sale of Palm Canyon Shopping Center in Downtown Palm Springs, California

Palm Springs, CA – Faris Lee Investments, 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 of downtown Palm Springs. The property was...
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Lake Forest Starbucks Sets Record Cap Rate

Faris Lee Investments completed the $2.48-million sale of a newly developed, 1,800-square-foot single-tenant, NNN retail property occupied by Starbucks Coffee with a drive-thru. The property is located at 20451 Alton Parkway, within the Baker Ranch...
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Faris Lee Arranges $2.5M Sale of Building Net Leased to Starbucks in Lake Forest

LAKE FOREST, CALIF. — Faris Lee Investments has arranged the $2.5 million sale of a 1,800-square-foot, single-tenant property occupied by Starbucks Coffee in Lake Forest. The triple-net-leased building features a drive-thru, and is located at...
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Faris Lee Brokers $7M Sale of Strip Center in Stockton

STOCKTON, CALIF. — Faris Lee Investments has arranged the $7 million sale of The Shops at Hammer & West, a 15,314-square-foot strip center located in Stockton. Jeff Conover of Faris Lee represented the Newport Beach-based...
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Faris Lee Arranges $7 Million Sale of Strip Center in Northern California

  Stockton, Calif. — Faris Lee Investments has arranged the $7 million sale of The Shops at Hammer & West, a 15,314-square-foot strip center located in Stockton, California. Jeff Conover of Faris Lee represented the Newport...
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Retail Asset in LA’s Koreatown Trades for $223/sf

A private investor out of Los Angeles paid $2.92 mil for a 13.1k sf ($223/sf) retail strip center in the Koreatown neighborhood of Los Angeles.  Built in 1920, the property is located at 3921-3929 W....
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Faris Lee Investments Brokers $2.9M Sale of Retail Property in Los Angeles

LOS ANGELES — Faris Lee Investments has arranged the sale of a retail strip center located at 3921-3929 W. Olympic Blvd. in the Koreatown neighborhood of Los Angeles. A private Los Angeles-based investor acquired the property...
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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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