JLL Capital Markets closes sale of the 140,218-square-foot Independence Square retail center in Plano, TX

 

Erin Lazarus

 DALLAS, TX – JLL Capital Markets has closed the sale of Independence Square, a 140,218-square-foot, grocery-anchored retail center located in the Dallas suburb of Plano, Texas. The price was not disclosed.

 

JLL represented the seller. Head Capital Partners acquired the asset.

 Built in 1977 and renovated in 2005, the 94-percent-leased center is grocery-anchored by a high-performing Tom Thumb that comprises 31% of the total rentable area and has operated as the anchor for 45 years.

Chris Gerard 

The JLL Retail Capital Markets team was led by Senior Managing Directors Chris Gerard and Barry Brown, Director Erin Lazarus and Associate Ben Esterer.

 Tom Thumb’s parent company, Albertsons, is the second-largest supermarket chain in North America, with over 2,300 stores total and 65 stores in Texas.. The property receives approximately 850,000 visits every year.

Barry Brown

Located at 3100 Independence Pkwy., Independence Square sits at a high traffic intersection within a dense neighborhood population.

 

The property caters to over 127,000 residents within three miles with an average household income of over $130,000, which is 20% above the Dallas-Fort Worth average. 

The center is also adjacent to heavy daytime traffic generators, including Plano High School to the south and four surrounding elementary schools in every direction. 

Ben Esterer

Additionally, it is just 35 minutes from Downtown Dallas and 15 minutes from the Legacy office submarket.

CONTACT:

 Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com    

Ware Malcomb Promotes Jonathan Thomas to Principal in Seattle, WA Office

 

Jonathan Thomas

SEATTLE, WA – Ware Malcomb, an award-winning international design firm, announced Jonathan Thomas, AIA has been promoted to Principal in the firm’s Seattle office.

 “Jonathan has been instrumental in growing our practice in Seattle and has demonstrated exceptional talent and leadership,” said Tom Jansen, Northwest Regional Principal for Ware Malcomb. “We congratulate him on this well-deserved promotion.” 

 Thomas joined Ware Malcomb in 2010 in the firm’s Denver office before moving to the Irvine headquarters in 2011 as a Project Designer.

 

Tom Jansen

In 2015, he was promoted to Studio Manager and relocated to Seattle to help spearhead the new office in the region. This new role will mark his fourth promotion since his move to the Seattle region.

A licensed architect in the state of Washington, Thomas is a multi-faceted professional. His experience encompasses all aspects of architecture including self-storage, corporate office buildings, tech, industrial, medical facilities, cold and food, multifamily and retail.

Thomas graduated from North Dakota State University with a Master of Architecture degree and a Bachelor of Science degree in Environmental Design. He is a member of The American Institute of Architects (AIA) and the National Council of Architectural Registration Boards (NCARB).

 Thomas also is an active NAIOP Washington chapter member and a graduate of the NAIOP Young Professionals Group program. He is also an active member of Self-Storage Association (SSA).

 CONTACTS:

 Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

 

Maria Rodgers,

Director

 PR & Communications

 949.660.9128

 mrodgers@waremalcomb.com

 

Maureen Bissonnette,

Principal, Marketing

 949.660.9128

 mbissonnette@waremalcomb.com