|
Caroline Binning |
DALLAS, TX – JLL Capital
Markets closed the sale of Twin Creeks Marketplace, a 43,134-square-foot,
grocery-anchored retail center located in the Dallas suburb of Allen, Texas.
|
Pauli Kerr
|
JLL represented the seller, and an undisclosed
investor acquired the asset. The price was not disclosed.
The JLL Retail Capital Markets Investment Sales and Advisory team that
represented the seller was led by Senior Managing Directors Chris Gerard
and Adam Howells, Senior Director Caroline Binning and Analysts Pauli
Kerr and Cole Sutter.
|
Chris Gerard |
JLL Capital Markets is a full-service global
provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment and sales advisory, debt advisory, equity advisory or a
recapitalization.
The firm has more than 3,000 Capital Markets
specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on
JLL, please visit our newsroom.
|
Adam Howells |
Built in 2016, the 100-percent-occupied Twin
Creeks Marketplace is anchored by a Sprouts, which comprises 69% of the
total rentable area and boasts an annual visitor count of 265,400.
Additional notable tenants include Starbucks,
Verizon, ATI Physical Therapy and Advancial.
Situated at 1259 - 1271 West Exchange Pkwy.,
Twin Creeks Marketplace is less than a three-minute drive from U.S. 75, one of
the largest north-south thoroughfares in DFW, and is within proximity to the
Sam Rayburn Tollway.
|
Cole Sutter |
The
center caters to the surrounding affluent consumer base in Allen with an
average household income of $163,230.
The immediate area features 1,400,000
square feet of Class A office space, 12,290 Class A multi-housing units, 1,600
hotel keys and 15 schools.
Additionally, within five miles of the property
is a 327,000 population.
Contact:
Jenna Sharp
Associate
Public
Relations
Phone: +1 214 394-3356
Email: Jenna.Sharp@am.jll.com