FARIS LEE INVESTMENTS HANDLES $14 MILLION RETAIL SALE IN L.A. AREA

by admin

PARAMOUNT, CALIF. — Faris Lee Investments has completed the $14 million sale of an 88,341-square-foot, single-tenant retail property located at 14601 Lakewood Blvd. in Paramount. Occupied by El Super Grocery Store, the property was remodeled in 2009 to also accommodate El Super’s corporate headquarters. Faris Lee’s Donald MacLellan and Richard Walter represented the seller, Phoenix-based LDR/DMG Paramount LLLP, in the all-cash transaction, and Mitch Conlee of Daum Commercial represented the buyer, Los Angeles-based Wolf Trust, which was completing a 1031 exchange.

You may also like