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PHOENIX — Faris Lee Investments has completed the sales of four ground-leased single-tenant retail properties for a combined total of $4.59 million. Located at Paradise Valley Mall in Phoenix, the properties include Arby’s/Wendy’s, Jared Galleria of Jewelry, Bank of America and Children’s World. Orange County, Calif.-based Niguel Partners acquired the 68,820-square-foot Arby’s/Wendy’s location for $1.08 million; Lang Family Trust purchased Jared Galleria of Jewelry for $1.5 million; Commercial Realty Group acquired Bank of America for $1.54 million; and Maverick and EJM Properties purchased Children’s World for $475,000. Richard Walter and Donald MacLellan of Faris Lee represented the seller, Macerich, in the transaction.