Faris Lee Capital Completes $18 Million Recapitalization of a 200,000 SF Retail Center in Normal, IL

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New York, NY – August 17, 2011 – (RealEstateRama) — Faris Lee Investments, the nation’s largest retail-specialized investment sales and advisory firm, along with Faris Lee Capital, has completed the $18 million recapitalization of a 200,000-square-foot retail center in Normal, IL on behalf of the owner, The Dial Companies, a large Midwest developer. Built in 2007, the center’s anchor tenants include Schnucks Grocery and a 14-screen Starplex Theater. The center is currently 70 percent occupied and has 12 outparcels available for future sale, lease or development

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Faris Lee Investments is a leading national real estate advisory firm.  The company’s high-level retail investment and financing experts develop forward-thinking strategies for all retail acquisitions and dispositions and guide clients through complex transactions.

Cumulatively, the Faris Lee’s leadership has been involved in more than $20 billion of transactions. Faris Lee's senior experts are skilled in disposition and acquisition strategies, 1031 exchanges, asset positioning and valuation, marketing, debt and equity structuring, strategic workout and REO solutions and execution. 

Contact:

West Coast: 949.221.1800
East Coast: 631.427.2999

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