JLL Capital Markets negotiated the sale of Waterside, a Whole Foods-anchored retail center in Fort Worth, Texas.
JLL represented the seller, Trademark Property Company, in partnership with Swift Creek Real Estate Partners LLC. The buyer was The Georgetown Company LLC.
Waterside, strategically positioned at 3270 Convair Drive in Fort Worth, offers excellent visibility and attracts an impressive number of visitors annually. Surrounded by prosperous residential areas, the center’s prime location provides easy accessibility to the nearby Chisholm Trail Parkway and Downtown Fort Worth.
Southwest Fort Worth is an affluent suburb known for its rapid growth and high-quality developments. The area boasts strong demographics, with average household incomes exceeding $113,000 within a 10-minute drive of the property. This demographic, coupled with ongoing residential growth, contributes to Waterside’s strong performance and long-term income stability.
The thriving 12.6-acre retail center of Waterside is currently 98% leased and anchored by Whole Foods, the only location within a 20-mile radius. The property features a synergistic mix of national and local tenants such as REI, Tricky Fish and First Watch. Catering to the surrounding suburban community, the center boasts impressive tenant sales growth of 25% since 2021.
JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Directors Chris Gerard and Barry Brown, Director Erin Lazarus and Analyst Andrew Griffin.
