Faris Lee Arranges the $12.5 Million Sale of a Bashas’ Grocery Anchored Center in Mesa, Arizona

Meza, Ariz. — Faris Lee Investments in partnership with XTEAM Velocity Retail Group, has arranged the $12.5 million sale of Augusta Ranch Marketplace, a Bashas’ grocery anchored center in the city of Mesa. Don MacLellan, Rick Chichester, Phil Ramming of Faris Lee Investments and Dave Cheatham, Darren Pitts and Eli Castronova at Velocity Retail Group represented the seller in the transaction.

The Augusta Ranch Marketplace features a tenant line up with local operators and national brands. The center has a mix of grocery, food, daily needs, restaurant, QSR, medical and professional service tenants.