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| Erin Lazarus. |
DALLAS, Jan. 17, 2025 – JLL Capital Markets announced today that it has arranged the sale of Quorum II Plaza, a 77,319-square-foot shopping center in Addison, part of the Dallas Fort Worth area, in Texas.
JLL represented the seller,
Westwood Financial Corporation. The buyer was Last Mile Investments. The price was not disclosed.
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| Adam Howells |
JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Directors Adam Howells, Barry Brown and Chris Gerard and Director Erin Lazarus.
Dallas stands out as a prime destination for real estate and business, ranking as the #3 real estate market and the #1 metropolitan statistical area for projected population growth.
With
a robust daytime population of 529,000 people within five miles of Quorum II
Plaza, the area exudes economic potential. The combination of a low cost of
doing business and a high average household income of $121,000 makes Dallas an
ideal environment for entrepreneurship and investment.
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| Barry Brown |
Key tenants, including Verizon, Salata, Tasty Tails and Improv, alongside popular establishments like Sellinger's Powergolf, Tiff’s Treats and Jimmy John's, create a diverse tenant mix that attracts a wide array of visitors.
About Westwood
Financial Corp.
Westwood Financial is a leading real estate investment platform recognized for its extensive collection of 72 shopping centers strategically located across the U.S.
sunbelt states.
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| Chris Gerard |
Founded in 1970 by Steven Fogel and Howard Banchik, the company boasts nearly 55 years of experience investing in and operating primarily grocery-anchored and service-oriented shopping centers.
Guided by its executive management team,
founders and three independent directors, Westwood Financial continues to
providing investors with stable, income-generating real estate opportunities
and outsized investment returns.
CONTACT:
Gréta Kieras, Senior Associate, Public Relations
Phone: +1 949 930 8498
Email: greta.kieras@jll.com
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