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Atlanta & Southeast  + Southeast  + Retail  |  August 12, 2019
David Cohen
By: David Cohen

Faris Lee Arranges $11M Sale of Kentucky Retail Center

Retail advisory and investment sales firm Faris Lee Investments arranged the $10.9 million sale of the Shops Venue, a newly-developed retail center in Lexington, KY.

Built in 2017, the center was formerly the site of a Circuit City and Rafferty’s, before being demolished and transformed into two strip centers connected by a courtyard with outdoor seating, lighting and landscaping. Tenants at the Shops Venue include a daycare facility, fitness center, barbershop and a local coffee shop, as well as regional and national tenants.

Rick Chichester and Joe Chichester of Faris Lee represented the seller, a local private investor and developer, in partnership with local market experts and X Team member Justin Baker of TRIO. The undisclosed buyer secured financing for the acquisition through Wells Fargo.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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