JLL Capital Markets brokers sale of Skillman Live Oak Retail neighborhood center in Lakewood, TX

 

 

 

 Erin Lazarus, 

DALLAS,TX –  JLL Capital Markets has arranged the sale of Skillman Live Oak, a 74,653-square-foot retail neighborhood center in the affluent Dallas neighborhood of Lakewood, Texas. The price was not disclosed.

 

JLL represented the seller, BGO, in the transaction, and Asana Partners acquired the property.

Megan Babovec

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Director Erin Lazarus, Senior Managing Director Adam Howells, Associate Megan Babovec and Analyst Ben Pollack.

 

"We are thrilled to announce the successful sale of Skillman Live Oak in the vibrant urban pocket of Lakewood," commented Lazarus. "As one of the nation's top economic performers, Dallas-Fort Worth attracts businesses and visitors alike, leading to a population growth rate that is projected to be more than four times the national average from 2023-2028.

 

 "This sale further signifies the strong commercial real estate activity in the area, with Dallas-Fort Worth being a leading metro for commercial real estate sales volume."

Adam Howells

Located at the intersection of Skillman and Live Oak, the property is minutes from top-ranking private schools, recreational destinations such as the Lakewood Country Club, White Rock Lake and the Dallas Arboretum.

 

Lakewood is a highly sought-after, affluent neighborhood boasting an i average household income of $142,100, with 68% of the residents holding a Bachelor’s degree or higher. Furthermore, the greater Dallas MSA ranks third highest for job growth in the nation, hosting the headquarters of two Fortune 10 companies and providing a thriving pro-business environment.

 

 

Ben Pollack

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 sales and 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, please visit JLL’s newsroom. 

 

 

Contact: 

 

Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

www.asanapartners.com.