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News release

Dallas, TX

Growth of Dallas suburb prompts sale of high-traffic retail asset

JLL successfully negotiates sale of former Mellow Mushroom site in Rockwall


Dallas, January 12, 2018 – JLL announced today the successful sale of 550 East Interstate 30 in Rockwall, Texas, located 20 miles east of Dallas. The former Mellow Mushroom property formerly owned by Jim Aubuchon was acquired by Shango Ko, proprietor of multiple Martial Arts facilities throughout the metroplex.​

JLL Vice President Andrew Wiley and Senior Associate Cole Burdette represented the seller, Jim Aubuchon. Pacific Century Realty's Alfred Goh represented the buyer.

"Rockwall County is one of the fastest growing areas in North Texas," said Wiley. "This retail space provides terrific upside for the buyer, thanks to the property's highly-visible location, accessibility to and from I-30, and its close proximity to popular Dallas hot spot, Lake Ray Hubbard. We're excited to play a role in completing this transaction for our client."

The property encompasses 9,380 square feet on two floors, including a private dining room with great views of Lake Ray Hubbard on the second. The sale includes the 1.4 acres on which the property is situated.

 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management had $59.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.