Grocery-anchored neighborhood center in growing DFW suburb trades
JLL Capital Markets arranged the sale of the fully leased Westside market in Frisco, Texas
DALLAS, Nov. 2, 2021 – JLL Capital Markets announced today that it has closed the sale of Westside Market, a fully leased, 93,377-square-foot neighborhood shopping center anchored by Tom Thumb in the Dallas-Fort Worth suburb of Frisco, Texas.
Completed in 2017, Westside Market is home to a Tom Thumb grocery store along with a diverse slate of national and local service, medical, fitness and restaurant tenants, including Subway, Great Clips, Pure Barre, Today’s Vision, Aqua-Tots Swim School and Ideal Smile & Orthodontics. The Tom Thumb fuel station fronting the center provides an additional draw to the property.
Westside Market is at 5550 FM 423 in Frisco, a north Dallas suburb that has grown faster than any other large city in the country over the last decade. Currently housing 100,347 residents within a three-mile radius of the property, the area is anticipated to balloon to 122,997 by 2025. The area is so popular that the Dallas Cowboys football team chose the city for its world headquarters and practice facility, 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 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 on JLL, please visit our newsroom.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.