JLL Capital Markets experts announce sale of four retail centers across Texas totaling over $90.8 million
JLL Capital Markets experts announce sale of four retail centers across Texas
DALLAS, April 25, 2019 – JLL announced today the successful sales of four retail centers across Texas by JLL Capital Markets experts Adam Howells, Tom Salanty and Caroline Binning totaling over 634,000 square feet of retail space and $90.8 million in sales:
- Kyle Crossing, located at 5100-5167 Kyle Centre Drive in Kyle, Texas, was acquired by Elm Creek Real Estate and Reserve Development, LLC. JLL represented the seller, SITE Centers, in the sale of the 121,485-square-foot, 16.83-acre retail center.
- Temple Towne Center, located at 2112 SW H K Dodgen Loop in Temple, Texas, was acquired by Clearview Investments Ltd. JLL represented the seller, Kimco Realty Corporation, in the sale of the 274,799-square-feet, 26.8-acre retail center.
- Brooks Corner, located at 3143 Southeast Military Drive in San Antonio, was acquired by Stonefield Investment Advisory & REATA Assets, Investments & Development, LLC. JLL represented the seller, InvenTrust, in the sale of 173,041-square-foot, 35.42-acre retail center.
- Firewheel Commons, located at 3046 Lavon Drive in Garland, Texas, was acquired by Shayan Holdings. JLL represented the seller, Elm Creek Real Estate and Reserve Development, LLC, in the sale of the 64,719-square-foot, 5.63-acre retail center.
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 2017 alone, the firm’s 2,400 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com