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