Walter and Donald MacLellan, a Faris Lee managing director,represented the seller, with Faris Lee director Patrick Kentrepresenting the buyer. The portion of the center that sold is at17877–18271 Gale Ave. and sits on a parcel of 13.65 acres.

Walter notes that the property generated multiple offers andclosed at a 6.3% cap rate with the space 94% occupied by nationalcredit tenants such as Office Depot, Smart & Final, Sam Ash,Shoe City and others at the close of escrow. The Faris Leepresident calls the deal "a prime example of how a breakup strategycan be profitable even after a re-sale."

Walter explains that in late 2005 SCI Real Estate Investmentsbought a three-parcel property at the Plaza at Puente Hills from ajoint venture of New York-based Coventry Real Estate Advisors,Ohio-based Developers Diversified Realty and New Jersey-basedPrudential Real Estate Investors. The portion that SCI bought wasin turn a part of a masterplanned eight-parcel breakup strategycrafted by Faris Lee at the time.