As a Managing Principal at Faris Lee Investments, Mr. MacLellan is responsible to lead Faris Lee Investments as one of the key decision makers. In addition he leads the firm’s major disposition assignments and is part of the senior advisory team. 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 in acquisition/disposition services, which includes core, value-add opportunities - 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 650 investment transactions primarily grocery anchored & community centers valued in excess of $9 billion. Historically, he has been one of the firm’s top producers including in 2021/2022 where he was responsible for nearly $600M in sales transactions.
Mr. MacLellan has been the lead broker on many large retail transactions throughout the US including: $65M Sunset Esplanade-OR , $200M – Central CA Grocery Anchored Portfolio, $24M Flagstaff Marketplace, $27M Santee Town Center , $28M Costco Plaza- Tempe AZ , $24M- Gene Autry Plaza- CA ,$48M Northglenn Marketplace, $79M- The District- NV, $101M US Albertsons Portfolio , $225M Big Box Portfolio- Macerich/Vornado, $350M AIG Retail Portfolio . In addition, Mr MacLellan has transacted nearly $350 million of Hawaii retail assets over his career.
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 to maximize value. Subsequently, he has led the successful execution of several break up strategies and now is the market strategy for investors.
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. Prior to 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 the most creative and complex retail transactions in the country.
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 the major retail conferences and is an active author for several real estate publications.