Pavilions at San Mateo

Faris Lee Investments Brokers $24.9 Million Sale of Retail Center in Albuquerque, New Mexico

by Abby Cox

Albuquerque, N.M. — Faris Lee Investments has brokered the $24.9 million sale of Pavilions at San Mateo, a 148,749-square-foot retail center in Albuquerque. Originally built in 1997, the center is 92 percent leased and anchored by Walmart Neighborhood Market. Additional tenants at the property include Old Navy, Shoe Dept., Dollar Tree, Einstein Bros. Bagels, Supercuts and Orangetheory Fitness. Don MacLellan, Jeff Conover and Scott DeYoung of Faris Lee Investments represented the buyer, Las Vegas-based Rhino Investments Group, in the transaction.

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