Independence Sq.. Picture courtesy of JLL
Head Capital Companions has bought Independence Sq., a 140,218-square-foot grocery-anchored retail middle in Plano, Texas, within the Dallas space. ShopCore Properties was the vendor, in response to CommercialEdge knowledge. The property was 94 % leased on the time of the sale.
A JLL Retail Capital Markets group led by Senior Managing Director Barry Brown and Chris Gerard, Director Erin Lazarus and Affiliate Ben Esterer represented the vendor.
In-built 1977 and renovated in 2005, the retail middle encompasses three buildings on a 13.3-acre web site. Tom Thumb has been anchoring the property for 45 years, comprising 31 % of the entire rentable space. The tenant roster at Independence Sq. consists of a mixture of native and nationwide companies comparable to Oscar Nail Lounge, Prime Foot Spa, Children B Children, Cookies by Design, Nice Clips, Faculty of Music, Little Greek Restaurant, Frost Financial institution, Genesis Theater, Jersey Mike’s, Peak Bodily Remedy and Exercise Anytime.
Independence Sq. is positioned at 3100 Independence Parkway. The property is close to a excessive visitors intersection with dense inhabitants, with a each day visitors rely reaching 34,000 autos, in response to JLL. The retail middle serves some 127,000 individuals inside a 3-mile radius, with a median revenue above $130,000, in response to the identical supply.
Elsewhere, ShopCore additionally lately bought First Colony Middle, a 98,179-square-foot grocery-anchored retail asset in California, Md., within the Washington, D.C. space.
