FARIS LEE INVESTMENTS BROKERS $19.75 MILLION SALE OF FOOTHILL PLAZA

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RANCHO CUCAMONGA, CALIF. — Irvine, Calif.-based Faris Lee Investments has brokered the pre-sale of Foothill Plaza, a 29,006-square-foot retail center located at the intersection of 15 Freeway and Foothill Boulevard in Rancho Cucamonga. An investment group led by San Diego-based Sechong I LLC purchased the property for $19.75 million or $681 per square foot. Built in July 2007, the property consists of four retail pads and a multi-tenant retail building. Current tenants include El Torito Grill, Citi Bank and El Pollo Loco. Jeff Conover of Faris Lee Investments represented the seller/developer, Newport Beach, Calif.-based Peninsula Retail Partners, in the transaction.

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