Jones Lang LaSalle Inc. $(JLL)$ has announced the successful sale of the Preston Stonebrook retail center in Frisco, Texas. This 53,553-square-foot property, built in 1997 and located at 7151-7227 Preston Rd., is 93% leased and features prominent tenants such as Plato's Closet, Emler Swim School, Dogtopia, and Horizon Hot Yoga. JLL's Capital Markets team, led by Senior Managing Director Adam Howells and Director Erin Lazarus, represented the seller, Venture Investment Partners. The center benefits from its prime location in one of Dallas's most vibrant growth corridors, with significant leasing momentum and strong local demographics. With average household incomes of $158,247 and a population exceeding 98,800 within a three-mile radius, the center presents substantial upside potential for its new ownership.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.