JLL Capital Markets arranged the sale of Shops at Mockingbird, a shopping center adjacent to Dallas’s prestigious Highland Park neighborhood and Dallas Love Field Airport.
JLL represented the seller, Bill Hutchinson of Dunhill Partners, Inc.
The Shops at Mockingbird is strategically positioned at 4550 W Mockingbird Ln. at the intersection of Mockingbird Lane and Lemmon Avenue, two major arterial roads with a combined traffic count exceeding 53,000 vehicles per day. This prime infill location provides exceptional accessibility and visibility, serving the affluent Highland Park, University Park and Bluffview communities. The property benefits from its proximity to Dallas Love Field Airport, which accommodates 16.3 million annual passengers, and is within an eight-minute drive of downtown Dallas.
Dallas-Fort Worth is the fourth largest metropolitan area in the United States with a population of 8.3 million residents. The region has experienced tremendous growth, leading the nation in projected population increases with 595,332 new residents expected over the next five years.
The shopping center was built in 2008 and encompasses 6.4 acres with 76,426 square feet of retail space. The property is anchored by LA Fitness and features a diverse tenant mix including Family Dollar, Tropical Smoothie, Leslie’s Poolmart and Fuzzy’s Taco. The center maintains a strong 94.7% occupancy rate with a weighted average lease term of 6.0 years.
JLL Capital Market’s Investment Sales and Advisory team was led by Senior Managing Director Adam Howells, Director Erin Lazarus and Analyst Michael Jankovich.
