Melbourne, Fla. – This is the third phase Faris Lee has completed on the developer’s behalf for the lifestyle center development.
The newly constructed ULTA & Shops at Viera is fully leased to ULTA, Hair Cuttery and Subway.Melbourne, Fla. – Faris Lee Investments has completed the $5.7 million sale of ULTA & Shops at Viera, a 14,410-square-foot freestanding retail property in Melbourne, a suburb of Orlando. The newly constructed property is fully leased to ULTA, Hair Cuttery and Subway. This is the third phase in a strategy that Faris Lee has completed on the developer’s behalf for the lifestyle center development, which will total 100,000 square feet of retail space upon completion. Matthew Mousavi, Patrick Luther and Nicholas Coo of Faris Lee Investments represented the seller, a private developer based in Florida, in the transaction. Colliers International represented the buyer, a private investor from San Diego who paid all cash.
— John Nelson