JLL Capital Markets secured the successful sale of the Southwest Retail Portfolio, a 514,983-square-foot retail portfolio spanning Texas and Arkansas.
JLL worked on behalf of the seller, Ball Ventures. The buyer was Chase Properties.
The Southwest Retail Portfolio comprises four retail properties strategically located across Texas and Arkansas: Killeen Marketplace in Killeen, Texas; Southloop Crossing in Lufkin, Texas; Southcenter Shopping Center in Hot Springs, Arkansas; and Massard Crossing in Fort Smith, Arkansas. The portfolio boasts a 97% occupancy rate with average tenant tenure exceeding 17.9 years.
The properties feature national tenants including Kroger, Ross Dress For Less, Best Buy, Hobby Lobby, Michaels and Old Navy. About 91% of the portfolio’s income comes from national and credit tenants, providing stable cash flow.
Each center benefits from visibility and accessibility with locations along major thoroughfares, including I-14, Hwy-287, Hwy-7 and Hwy-22. The assets feature highway frontage and are positioned within established retail corridors in their markets.
JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Adam Howells and Barry Brown and Director Erin Lazarus, with help from the broker of record, Vice President Deborah Johnson.
