Faris Lee Arranges $9.8 Million Sale of Retail Property in Phoenix

by Camren Skelton

Phoenix — Faris Lee Investments has arranged the $9.8 million sale of a retail property located in Phoenix.

The 55,259-square-foot building is triple-net-leased to Safeway for 20 years. Christopher DePierro of Faris Lee arranged the transaction on behalf of the buyer, a family trust. Marcus & Millichap represented the seller, CF Albert Propco. The property includes 237 parking spaces and was built in 2008.

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