The Hill shopping center trades in Dallas
JLL Capital Markets closed the sale of the recently renovated shopping center to Asana Partners
DALLAS, Aug. 16, 2021 – JLL Capital Markets announced today that it has closed the sale of The Hill, a 240,000-square-foot shopping destination at the northeast corner of Walnut Hill and Central Expressway in the heart of Dallas, Texas.
JLL represented the seller, EB Arrow. Asana Partners purchased the asset in an off-market transaction.
Completed in 1977 with a mid-century modern aesthetic, The Hill underwent substantial renovations to evolve into a modern shopping center with a sleek design and eclectic mix of restaurants and retailers that cater to the local community. The property is arranged around an interior courtyard punctuated with 30-year old oak trees, allowing shoppers to patronize more than 30 curated retail, restaurants, fitness and service providers while getting fresh air and enjoying green space and original art. Tenants include Movement, Camp, bellagreen, Houndstooth Coffee, Hiatus Spa + Retreat, Snooze, Taco Deli, Hat Creek Burger Co. and Boardroom Salon for Men.
Located in north central Dallas at 8041 Walnut Lane, The Hill’s proximity to Preston Hollow, Lake Highlands, Lakewood and Park Cities allows it to serve the everyday needs of both the affluent and mature as well as the younger, family focused customer.
The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Barry Brown, Ryan Shore and Chris Gerard and Analyst Jason Jacobs.
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 advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
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 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About EB Arrow
EB Arrow is an experienced commercial real estate investment firm specializing in mixed-use, multi-tenant and single-tenant retail properties located throughout the United States. The company identifies properties with redevelopment potential and creates value through a disciplined approach to development, leasing, asset management, investor relations and marketing. EB Arrow’s track record includes $3.5 billion in completed transactions and access to high-quality properties through strong market relationships. For more information, visit eba-us.com.
About Asana Partners
Asana Partners is a vertically integrated real estate investment company that creates value by acquiring, enhancing, and operating distinctive mixed-use and retail properties in dynamic urban and near-urban neighborhoods in the United States. For more information, visit asanapartners.com.