Faris Lee Arranges $13 Million Sale of Shopping Center in Southern California

by Alex Tostado

Cypress, Calif. — Faris Lee Investments has arranged the $13 million sale of Meridian Plaza, a 28,500-square-foot shopping center in Cypress. Dollar Tree anchors the property, which is also leased to tenants including Starbucks, H&R Block and Wienerschnitzel. Meridian Plaza is situated along Katella Avenue, 26 miles southeast of downtown Los Angeles. Nick Miller and Shaun Riley of Faris Lee represented the buyer, an undisclosed family office based in Orange County, California completing a 1031 tax exchange, in the transaction. Thomas Kim and Jaime Park of Apple Tree Management represented the undisclosed seller.

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