REBusinessOnline

Faris Lee Investments Arranges $11.5M Piecemeal Sale of Shopping Center in Lake Elsinore, California

LAKE ELSINORE, CALIF. — Faris Lee Investments has brokered $11.5 million in sales of three different properties to three different buyers within the Central Plaza Shopping Center in Lake Elsinore. The sales include a Marshalls, Panera Bread and a two-tenant sale of Pieology and Ono Hawaiian BBQ. HFC/PRP Elsinore LLC sold the properties to undisclosed buyers.

Situated on 7.3 acres, the 66,000-square-foot property was completed earlier this year and was 100 percent pre-leased to national tenants upon commencement of construction.

Jeff Conover and Chris DePierro of Faris Lee Investments represented the seller in the transaction.

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