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Saturday, February 11, 2012 Retail
Irvine, Calif.-based Faris Lee Investments recently negotiated the sale of two retail pads within the Crossroads Entertainment Center in Chino Hills for $6.25 million. LNR Properties developed and sold the properties to Chino Starbuck/Wings LLC. Faris Lee's Richard Walter and Donald MacLellan represented both parties. Built in 2006, the two pads contain a total of 11,100 square feet and are situated on 1.3 acres. They are located on Chino Ave. and will be occupied by Buffalo Wild Wings and Starbucks. Faris Lee also completed the $5.5 million ground lease sale of the Orange County Fast Food & Convenience Plaza in Santa Ana. Dennis Vaccaro represented the seller, Sanderson J Ray Development, while the buyer, Buena Park, Calif.-based Western Asset Management, LLC, was represented by Sam Kim of Century 21 Sunny Hills. The plaza is situated on 2.83 acres at 700-750 East Dyer Rd. and is comprised of five buildings. The property is 100 percent occupied by 76 Gas & Carwash, Circle K, Subway, Jack in the Box, 76 Express Lube and Wienerschnitzel. A 35-year veteran of the real estate business, Walter was recently featured in crefeed.com's Five Questions With... Address: 3060 Chino Ave., Chino Hills, Calif. - 700-750 East Dyer Rd., Santa Ana, Calif. Size: 11,100 Built: 2006 Filed Under: Retail E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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