FARIS LEE
IN THE NEWS
Retail Property Appreciates 25% in 3 Years
BALDWIN PARK, CA—A 24,262-square-foot retail property has appreciated 25% in the three years due to the improving market. Gershman Properties purchased the 13-tenant site three years ago for $9.7…
Faris Lee Investments Completes $6.1 Million Sale-Leaseback of NNN-Leased Single-Tenant…
IRVINE, Calif., – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $6.1 million sale-leaseback of a 16,600-square-foot, single-tenant, NNN-leased retail property fully occupied by Kiddie Academy in Irvine, Calif.…
San Gabriel Valley Retail Asset Sells for Over $500/sf
A fully occupied, 24.3k sf, multi-tenant retail property in Baldwin Park has sold for $12.7 mil, or $523/sf. It was purchased by Baldwin Park Plaza…
Shippensburg Lowe's Sells for $24.4M
New York-based ARC Real Estate Group LLC acquired the retail building at 250 S. Conestoga Dr. in Shippensburg, PA from Bountiful, a Utah-based affiliate of…
The Reincarnation of Traditional Malls
NEW YORK—For the past decade, the question of regional malls falling to the wayside has been a great concern for owners and retailers. Even this…
ARC Purchase Sets Price Record for PA Lowe’s Location
SHIPPENSBURG, PA—ARC Real Estate Group, a private, New York-based family office,acquired a 139,535-square-foot, single-tenant, triple net-leased retail property fully occupied by Lowe’s Home Improvement at 250 S.…