Skip Ribbon Commands
Skip to main content

News release

DALLAS, TX

Regional Dominance Drives Sale of Texas Mall

JLL completes sale of Mall of Abilene


DALLAS, September 20, 2016 – Strong tenancy and highly visible locations continue to be cornerstones of Texas retail investment. On behalf of an investment group advised by Gregory Greenfield & Associates, JLL's Capital Markets experts today announced the firm completed the sale of the Mall of Abilene in Abilene, Texas. An affiliate of Radiant Partners LLC purchased the 681,319-square-foot mall.  Radiant Partners is a national owner operator of Regional Class B Malls. 

Managing Director David Monahan and Vice President Cameron Pittman led the JLL team on the sale. 

"The Mall of Abilene's strategic location as the only regional mall within an 80-mile radius, combined with balanced tenancy and a surge in leasing activity in the last year made this a sought-after asset for investors," said Monahan. 

The Mall of Abilene is highly visible from the adjacent U.S. Route 84 and Buffalo Gap Road, which has a daily traffic count of more than 33,000. Tenants include Best Buy, Dillard's, Ulta and Sears.

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 a sale, financing, repositioning, advisory or recapitalization execution. In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.