Creekside Plaza disposition completed

Faris Lee Investments arranged the sale of Creekside Plaza, a 76,319-square-foot shopping center in Calabasas, Calif.

The value of the transaction was $21.7 million.

The property is located at 26521, 26527 and 26531 Agoura Road.

The property was sold by W Calabasas LLC, a local developer, to Mar LLC, a family trust, in a 1031 exchange.

Built in 2001, Creekside Plaza boasted a 100 percent occupancy rate at the time of sale with noteworthy tenants including Albertsons, Starbucks and Quizno's.

Irvine, Calif.-based Faris Lee Investments is an advisory and brokerage firm specializing in retail real estate.

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