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Broad Reach Retail Mike Castellitto quote from article + headshot
Content PartnersFeaturesFinanceIndustry ContentLeasingOperationsRestaurantsRetail InsightRetailers

Broad Reaching Strategies for Maximizing Value in Retail Properties

by Sarah Daniels

No matter the economic climate, the formula for creating value in properties will always be a retail property owner’s best friend. That’s why Broad Reach Retail Partners uses a multi-faceted approach that includes data-driven key performance indicators (KPIs) to drive their plans of action, strategic redevelopment and ongoing budget updates that optimize net operating income (NOI). “Through focused management, leasing and discipline, we create value, and we are able to return those dividends to our partners, properties and people,” says COO Mike Castellitto. “We have seen time and time again …

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Jeff Conover Faris Lee Retail quote from article
Content PartnersFaris Lee InvestmentsFeaturesFinanceIndustry ContentInvestment salesRetail InsightRetailers

Faris Lee: Sales Success Strategies in a Challenging Market

by Sarah Daniels

Don MacLellan, managing principal at Faris Lee Investments in Irvine, Calif., knows it’s a challenging market. “Deal volume is off 40-60 percent from two years ago,” he says. “Back then, there was so much deal momentum because demand was so much higher than supply. Now, it’s the opposite, and due to lower transaction volume, 1031 demand is off significantly. So, the question becomes, how do you create strong demand with fewer 1031 exchange requirements?” It’s a question MacLellan and his fellow Faris Lee managing principals Jeff Conover and Shaun Riley …

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Thornton-Town-Center-Thornton-CO
ColoradoFaris Lee InvestmentsInvestment salesNews

Faris Lee Brokers $14.4M Sale of Thornton Town Center in Metro Denver

by Hayden Spiess

Thornton, Colo. — Faris Lee Investments has brokered the sale of Thornton Town Center, a 265,181-square-foot retail center located in Thornton, a suburb north of Denver. A Southern California-based private investor sold the property to a Southern California-based value-add investor for $14.4 million. Don MacLellan of Faris Lee Investments represented the seller and procured the buyer in the deal.

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A&G Real Estate PartnersFeaturesFinanceIndustry ContentRetailersVideosWebinar

Webinar: Inside the Restructuring of a Retailer

by Sarah Daniels

    The Feb. 27 Shopping Center Business webinar “Inside the Restructuring of a Retailer” detailed early warning signs for retailers in distress, as well as decision-making processes and strategies to restructure inside or outside of Chapter 11. What is needed for a successful restructuring? What kind of roles do firms retained in bankruptcy cases play in arranging prep work, navigating competing stakeholder agendas and arranging critical payment dates and short-term liquidity management? Learn more from this brief one-hour discussion that covers both the headlines and the behind-the-scenes process of restructuring for retailers. Click …

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Shaun Riley Faris Lee Retail Investment
Content PartnersDevelopmentFeaturesIndustry ContentInvestment salesNet leaseRetailers

Sound Retail Fundamentals Continue to Drive Investor Interest

by Sarah Daniels

The three managing principals at Irvine, Calif.-based Faris Lee Investments — Shaun Riley, Jeff Conover and Don MacLellan — see retail as the best investment class today. The reason? Strong fundamentals across the board, including low vacancy rates, minimal new construction and strong tenant sales. The trio live in the same world as the rest of us, where interest rates and economic uncertainty have deterred many, but to them, the fact remains that retail has never been stronger as an asset class. “People say it’s a bad market. It’s not …

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Meadow-Lane-Plaza
CaliforniaFaris Lee InvestmentsInvestment salesNet leaseNews

Faris Lee Brokers $3.8 Million Sale of Shopping Center in Southern California

by Hayden Spiess

Colton, Calif. — Faris Lee Investments has brokered the $3.8 million sale of Meadow Lane Plaza, a shopping center located in Colton. The triple net lease property was fully occupied at the time of sale. Shaun Riley and Nick Miller of Faris Lee represented both the buyer, a California-based investor, and seller in the transaction.

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Don MacLellan Seller Buyer Retail Motivation
Content PartnersDevelopmentEconomic DevelopmentFaris Lee InvestmentsFinanceIndustry ContentInvestment sales

Key Variable Moving Forward in Today’s Market? Motivation from Both Sides

by Sarah Daniels

Motivation is one of the prime drivers in any market cycle. Some markets are affected by interest rates and others by inflation. One way or another, however, a retail investment and its returns need to provide an investor a reason to stay active regardless of the state of the market. Scott DeYoung, senior managing director at Irvine, Calif.-based Faris Lee Investments, notes that for sellers in today’s market, it can all come down to timing. “There will always be transactions because every investment has a horizon,” he explains. “There is …

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905-E-Bidwell-St-Folsom-CA
CaliforniaFaris Lee InvestmentsInvestment salesNet leaseNews

Faris Lee Brokers $11.3 Million Sale of Sprouts-Occupied Retail Property in Folsom, California

by Hayden Spiess

Folsom, Calif. — Faris Lee Investments has arranged the sale of a retail building located at 905 E. Bidwell St. at The Bidwell Center in Folsom, roughly 20 miles northeast of Sacramento. VR Folsom, an Orange County-based private family office, sold the property to a La Jolla-based buyer for $11.3 million. Jeff Conover, Shaun Riley and Scott DeYoung of Faris Lee represented the seller, with Infinity Investment Properties representing the buyer in the deal. Situated on 2.7 acres, Sprouts Farmers Market occupies the single-tenant property. The tenant has a 15-year, …

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1821-1871-S-San-Jacinto-Ave-San-Jacinto-CA
CaliforniaFaris Lee InvestmentsInvestment salesNewsRestaurants

Faris Lee Brokers $10.5 Million Sale of Two Retail Outparcel Buildings in San Jacinto, California

by Hayden Spiess

San Jacinto, Calif. — Faris Lee Investments has arranged the sale two outparcel retail buildings located in San Jacinto. A northern California-based buyer in a 1031 exchange acquired the properties from an undisclosed seller for $10.5 million. Jeff Conover and Scott DeYoung of Faris Lee Investments represented the seller, while Keegan & Coppin represented the buyer in the deal. The 14,883-square-foot property is home to tenants including GameStop, Great Clips, Wing Stop and T-Mobile.

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12547-Hawthorne-Blvd-Hawthorne-CA
CaliforniaFaris Lee InvestmentsInvestment salesNet leaseNews

Faris Lee Negotiates $11.1 Million Sale of Bank of America-Occupied Retail Building in Metro Los Angeles

by Hayden Spiess

Hawthorne, Calif. — Faris Lee Investments has arranged the sale of a retail building located at 12547 Hawthorne Blvd. in Hawthorne, roughly 15 miles outside Los Angeles. An Orange County-based private office group sold the property to the City of Hawthorne for $11.1 million. Bank of America occupies the 12,919-square-foot, single-tenant building on an absolute triple-net lease. Shaun Riley, Jeff Conover and Scott DeYoung of Faris Lee Investments represented the seller, while Chris Beck of Newmark Knight Frank represented the buyer in the deal.

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