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Princeton, Texas — Faris Lee Investments has arranged the sale of Princeton Plaza, a newly constructed 11,266-square-foot convenience retail center located in Princeton, roughly 40 miles north of Dallas. The property, which was fully occupied at the time of sale, includes a mix of tenants including Tropical Smoothie Café, Pizza Hut, Hotworx, Modern Nail Bar, Princeton Dental and 380 Smoke & Vape.
Nick Miller and Shaun Riley of Faris Lee Investments represented the buyer, a local investor, in the transaction. The purchase is being financed with a 50 percent loan-to-value (LTV) mortgage.