Megan Babovec
DALLAS, TX – JLL Capital Markets has closed the sale of Rockwall Market Center, a 211,971-square-foot retail center located in the DFW suburb of Rockwall, Texas.
Bill Hutchinson
JLL marketed the property and assisted in the
sale to Dunhill Partners, led by its CEO Bill Hutchinson.
The price was not disclosed.
The
JLL Retail Capital Markets team was led by Senior Managing Directors Adam Howells
and Ryan Shore and Analyst Megan Babovec.
Built
in 1999, Rockwall Market Center is 100% leased to a robust, high-performing,
national tenant roster, which includes Ross, Burkes Outlet, Michaels, Old Navy
and Petco.
Adam Howells
The property features an average tenant tenure
of 18.2 years, and 82% of the property’s income stream is generated from its
national tenancy. The property draws over 1.5 million annual
visitors.
 |
| Ryan Shore |
Located at 2663-2885 Market Center Dr. within a dominant retail corridor, the property sits directly off of Interstate 30, offering visibility to over 103,000 vehicles per day.
Rockwall Market Center benefits
from proximity to both Lake Ray Hubbard and Highland Meadows neighborhood and
is less than a 20-minute drive to downtown Dallas.
Additionally, within a 10-mile
radius is a daytime population of 317,271 and $17 billion in consumer spending
power.
CONTACT
Jenna Sharp
JLL,
Public Relations
Dallas,
Texas
M
+1 214 394 3356
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