Faris Lee Brokers $27M Sale of Santee Retail Center
Faris Lee Investments has arranged the $27 million sale of Santee Town Center, a 107,000-square-foot, 100% occupied shopping center in Santee, CA. The firm’s Sean Cox & Alex Moore, Directors, Don MacLellan, Managing Principal and Gene Ventura, Senior Managing Director represented the seller in the transaction, Union City Investments, and the buyer, San Diego-based Brixton Capital.
The retail center is comprised of strong national tenants including Ross Dress for Less, Dollar Tree and Michaels. “Based on the quality of the real estate and the stability of the San Diego retail market, we focused on web capitalized local San Diego investors with a high certainty of close and the ability to close within seller’s desired timeframes,” said Cox in a news release.
Mark Selman, president of Brixton Capital, said, “We are grateful to have strong relationships with brokerage firms in the real estate industry to help us find quality off-market opportunities like Santee Town Center.”
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.