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Last Updated ( Tuesday, 28 February 2012 21:27 )
DATE_FORMAT_LC2=Tuesday,February 28 2012 12:00:00 am EST   
Faris Lee Sells Sports Authority Store for $7.85 Million

Moreno Valley, Calif. — Faris Lee Investments has brokered the sale of a 40,000-square-foot retail property occupied by Sports Authority in Moreno Valley. The property was built in 2009 and sits on 3.35 acres along Day farislee sportsauthWEBFaris Lee has sold a Sports Authority location in Moreno Valley, Calif., to an investor from China for $7.85 million.Street in the TownGate Crossing retail center, near the intersection of the 60 and 215 freeways. Dennis Vaccaro and Donald MacLellan of Faris Lee represented the seller, Newport Beach, Calif.-based Gateway Company, L.C. The buyer was Day Moreno Valley LLC, a China-based investor, who paid all-cash and was represented by a Michigan-based advisor. The property closed in 28 days.


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