Don MacLellan

Managing Principal

As a Managing Principal at Faris Lee Investments, Mr. MacLellan holds a leadership role and is a key decision-maker within the company. As part of the senior advisory team, he is responsible for leading the firm’s major disposition assignments. He is also active in transaction negotiations and overseeing staff in the proposal process.


Mr. MacLellan has more than 37 years of commercial investment sale experience. His focus has been on acquisition/disposition services, which includes core, value-add opportunities, structured debt, and equity structuring- primarily in the anchored retail segment – grocery-anchored, community centers, power centers, and regional malls. During his career, he has been directly involved in more than 490 investment transactions primarily grocery-anchored & community centers valued at over $6 billion. Historically, he has been one of the firm’s top producers including in 2021 when he was responsible for nearly $300M in sales transactions.


Mr. MacLellan has been the lead broker on many large high profile retail transactions throughout the US including Northglenn Marketplace, Denver CO- $48 million, The District, a grocery/lifestyle center in Henderson, NV- $79.3 million; a nationwide Albertsons portfolio- $101 million and the AIG Baker portfolio over $300 million. In addition, Mr. MacLellan has transacted nearly $350 million of Hawaii retail assets over his career. He also led the sale by Macerich of a Kohl’s/ Mervyn’s portfolio for $75 million and Vornado’s disposition of a national Best Buy/Toys R Us portfolio.


Since joining Faris Lee Investments in 2001, Mr. MacLellan has played a vital role in growing the firm’s business volume and elevating the client base and transaction profile. He was the lead broker in the disposition of the $138 million Torrance Crossroads, considered the pioneer case study for using a break-up strategy for retail centers. Subsequently, he has led the successful execution of several break-up strategies.


During his tenure with Faris Lee Investments, Mr. MacLellan has worked with the majority of the retail leaders in the industry – REITs, pension funds, major developers, equity, and lenders – including Macerich, Clarion Partners, Invesco, Hutenskey Capital, KIMCO, Phillips Edison, Donahue Schriber, Red Mountain Retail, Fortress, PCCP, Hudson Advisors, Vestar, Vornado, Regency Centers, SITE, LaSalle, PGIM, and LNR. Before joining Faris Lee, Mr. MacLellan spent 17 years with CBRE and HFF in Southern California. He is considered one of the elite retail investment brokers in California based on his extensive transaction activity and client list, as well as his successful completion of some of the country’s most creative and complex retail transactions.


Mr. MacLellan is an active member of the International Council of Shopping Centers (ICSC) and has extensive experience on the ICSC Committee. He is frequently featured as a retail industry expert on panels at major retail conferences and is an active author for several real estate publications.

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