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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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Faris Lee Investments Completes Sales of Two Single-Tenant Retail Properties Totaling $6.43 Million in Moreno Valley, California

IRVINE, Calif., June 23, 2016 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the sales of two single-tenant, free-standing retail properties in Moreno Valley, Calif. The sales include a 16,730-square-foot building occupied by Rite Aid which sold...
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Faris Lee Investments Completes Record-Breaking $4.6 Million Sale of Single-Tenant Retail Property Occupied by KinderCare in Victorville, California

IRVINE, Calif., June 10, 2016 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $4.6 million sale of a freestanding, single-tenant property occupied by KinderCare Learning Centers in Victorville, Calif. The property sold at cap rate of 5.87 percent –...
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Faris Lee Investments Completes Record-Breaking Sale of Single-Tenant NNN-Leased Property Occupied by Chipotle Mexican Grill in Vallejo, California

IRVINE, Calif., April 25, 2016 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $1.9 million sale of a freestanding, single-tenant property occupied by Chipotle Mexican Grill in Vallejo, Calif. (Bay Area). The property sold at cap rate of 4.2...
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Faris Lee Investments Completes $4.08 Million Sale of Retail Property in Columbia, South Carolina

IRVINE, Calif., February 19, 2016 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $4.08 million sale of a newly developed 7,400-square-foot, two-tenant retail property triple net-leased by Sleep Number and Stanton Optical in Columbia, South Carolina. Both tenants have...
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Faris Lee Investments Completes $6.65 Million Sale of Multi-Tenant Retail Property in Franklin, Massachusetts

IRVINE, Calif., February 17, 2016 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $6.65 million sale of Franklin Shops, a newly developed 8,911-square-foot, multi-tenant retail property triple net-leased by Starbucks, Noodles Company and MedPost Urgent Care – all with...
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Faris Lee Investments Completes $25.1 Million Sale of LA Fitness-Anchored Shopping Center in Houston, Texas

IRVINE, Calif., January 7, 2016 – Faris Lee Investments, a leading national retail advisory and investment sales firm, has completed the $25.1 million sale of Westgate Market, a fully occupied, 80,690-square-foot shopping center in Houston, TX. The property is anchored by a freestanding LA Fitness, and...
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Faris Lee Investments Completes $9.8 Million Sale of The Shops at Bear Valley in Victorville, California

IRVINE, Calif., December 11, 2015 – Faris Lee Investments, a leading national retail advisory and investment sales firm, has completed the $9.8 million sale of The Shops at Bear Valley in Victorville, Calif.  The four-building, 95 percent occupied neighborhood shopping center totals 32,023 square feet and...
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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

Northglenn shopping center hits the market

Calling all shoppers: Northglenn Marketplace is browsing for a buyer. The property at 104th Avenue and Interstate 25 north of Denver that includes Bed Bath & Beyond, PetSmart and Office Depot hit the market three weeks...
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Faris Lee Investments Arranges $3.5M Sale of Denny’s Property in Riverside

RIVERSIDE, CALIF. — Faris Lee Investments has arranged the $3.5 million sale of a 3,700-square-foot property net leased to Denny’s in Riverside. Denny’s has been at the location for 50 years and recently renewed its lease for another...
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Faris Lee Completes $4.9M Rite Aid Sale

Faris Lee Investments completed the $4.9-million sale of a 16,708-square-foot, single-tenant, triple-net leased property occupied by Rite Aid in Pomona, CA. The property sold at a cap rate of 5.9%. Faris Lee Investments’ Jeff Conover represented...
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Pomona Rite Aid Sells for $290/sf

Temple City-based FC Investment LLC paid $4.85 mil for a 16.7k sf, single-tenant triple-net leased property occupied by Rite Aid in Pomona. The deal came in at a price of $290/sf and a cap rate...
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Long-Time Denny’s Restaurant Sells

Arcadia, CA-based Yuanqi International acquired a 3,700-square-foot, single-tenant triple-net leased property occupied by Denny’s in Riverside, CA for roughly $3.5 million. The property sold at a cap rate of 4.7%, and approximately $956-per-square-foot. Faris Lee...
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How To Open A Chicago Office From San Diego

SAN DIEGO—Gene Ventura, who recently joined Faris Lee Investments after a lengthy and successful development career focused on the Midwest, tells GlobeSt.com you can be anywhere due to the virtual nature of business today.
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Gene Ventura to Run New Faris Lee Chicago Office

Faris Lee Investments hired Gene Ventura as senior managing director for the company’s new Chicago office. Ventura is an office and retail developer, as well as a long-time Faris Lee client, and he brings three...
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This Week’s Chicago Deal Sheet

Faris Lee Investments hired Gene Ventura as senior managing director. Ventura brings 30 years as a retail and office developer to the role and will be charged with client development, increasing transaction volume and anchoring...
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SD-Based Director To Head Faris Lee’s Chicago Office

SAN DIEGO—GlobeSt.com learns EXCLUSIVELY that long-time client Gene Ventura joins the firm as senior managing director to lead client development, increase transaction volume and anchor the firm’s new Chicago office.
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Faris Lee Brokers $3.3M Sale of Retail Property in Hesperia

HESPERIA, CALIF. — Faris Lee Investments has arranged the sale of a single-tenant, triple-net leased retail property located at 14075 Main St. in Hesperia. Hesperia-Main Street LLC sold the 3,600-square-foot property to a Los Angeles-based...
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Bank-Occupied Asset Boasts Record PSF, Cap Rate

Faris Lee Investments completed a $3.3 million sale of a single-tenant, triple-net leased property occupied by U.S. Bank in Hesperia, CA. The property sold at a cap rate of 4.8% and $911 per square foot,...
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Faris Lee Brokers $3.3M Sale of Retail Property in Hesperia

HESPERIA, CALIF. — Faris Lee Investments has arranged the sale of a single-tenant, triple-net leased retail property located at 14075 Main St. in Hesperia. Hesperia-Main Street LLC sold the 3,600-square-foot to a Los Angeles-based private investor...
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$3.28 Million Sale of a Single Tenant Retail Property in Hesperia, California

Faris Lee Investments Completes $3.28 Million Sale of a U.S. Bank-Occupied Single Tenant Retail Property in Hesperia, California
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Multimillion dollar commercial property in Hesperia sold

HESPERIA – A multimillion dollar commercial property, located on a busy High Desert intersection, was recently sold. Faris Lee Investments, a retail advisory and investment sales firm, announced Tuesday the completed sale of a single-tenant,...
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How Trump, Rising Rates Will Affect 2017 CRE Values

NATIONAL ORANGE COUNTY RETAIL How Trump, Rising Rates Will Affect 2017 CRE Values JANUARY 5, 2017 | BY CARRIE ROSSENFELD IRVINE, CA—With capitalization at historical lows, there is little to no room for more compression and a much stronger likelihood that cap rates will move in a similar direction to interest rates, Faris Lee’s Rick Chichester tells GlobeSt.com.
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Real Estate Deals

Sales and leases of offices, industrial buildings, retail space and apartments
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Faris Lee Investments Arranges $5.2M Sale of Multi-Tenant Retail Property in Lathrop

LATHROP, CALIF. — Faris Lee Investments has brokered the sale of Lathrop Crossing, a multi-tenant retail property located at 15320-15346 S. Harlan Road in Lathrop. San Francisco-based Lathrop Crossing LLC sold the property to Los...
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Trump And The ‘New’ New Normal

NEW YORK CITY—Rick Chichester is bullish on a president who knows real estate—at least from a business perspective. He explains why in this exclusive interview from the show floor on the ICSC New York National Deal Making event.
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Central CA Retail Asset Trades for $319/sf

A locally based investor paid $5.2 mil for Lathrop Crossing, a 16.3k sf multi-tenant retail property in Lathrop, a central CA city situated about 10 miles south of Stockton. The property sold at a price...
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3 CRE Q&A: Faris Lee Expands Footprint

Irvine, CA-based Faris Lee expanded into Los Angeles under the leadership of leading broker Patrick Toomey, who brings decades of experience from work at CBRE and Matthews Retail Advisors. During the course of his career,...
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