Neighborhood center anchored in the grocery store in DFW’s growing suburban businesses
DALLAS, November 2, 2021 –JLL Capital Markets today announced the closing of the sale of Westside Market, a 93,377 square foot fully leased neighborhood mall anchored by Tom Thumb in the Dallas-Fort Worth suburb of Frisco, TX.
JLL represented the seller. Tabani Group, Inc. acquired the asset.
Westside Market is located at 5550 FM 423 in Frisco, a northern Dallas suburb that has grown faster than any other major city in the country over the past decade. Currently housing 100,347 residents within a three-mile radius of the property, the area is expected to reach 122,997 by 2025. The area is so popular that the Dallas Cowboys football team has chosen the city for its world headquarters and its training center, which is less than five miles from the center.
The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Christopher Gerard and Ryan Shore.
JLL Capital Markets is a global full service provider of capital solutions for real estate investors and occupiers. The company’s in-depth knowledge of the local market and global investors provides the best solutions for clients – whether it is investment sales and advice, debt advice, equity advice or recapitalization. The company has more than 3,000 capital markets specialists around the world with offices in nearly 50 countries.
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Jones Lang LaSalle inc. published this content on November 02, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 02 November 2021 13:29:04 UTC.