St. Matthews, Ky. — Faris Lee Investments has brokered the $46.1 million sale of Bluegrass Manor Shopping Center, a Whole Foods-anchored shopping center in St. Matthews, a suburb of Louisville.
Santa Fe Springs, Calif. — Faris Lee Investments has negotiated the $3.65 million ground-lease sale of a single-tenant retail property occupied by Jack in the Box in Santa Fe Springs.
Baldwin Park, Calif. — Faris Lee Investments has completed the $2.7 million sale of a single-tenant NNN-leased property occupied by O’Reilly Auto Parts in Baldwin Park.
National chains and large corporations are great for many things, but there is no doubt that America’s 23 million small businesses, including mom-and-pop retailers, fulfill a huge niche in the marketplace as well. By Nellie Day
Vista, Calif. — The 17,855-square-foot Breeze Hill Commercial Center is fully occupied by eight tenants, half of which are national tenants and half of which are regional.
Baldwin Park, Calif. — The closing cap rate of the property, built in 1987, was 5.9 percent.
Developers and retailers are embracing new retail concepts to meet the demands of customers.
Kenwood, Ohio – The portfolio includes Kenwood Pavilion and Kenwood City Place, which are located across the street from each other.
Melbourne, Fla. – This is the third phase Faris Lee has completed on the developer’s behalf for the lifestyle center development.
Buckeye, Ariz. – The transaction closed at a 6.8 percent cap rate.