{"id":1004667544,"date":"2023-06-14T00:47:48","date_gmt":"2023-06-14T08:47:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004667544"},"modified":"2023-07-12T01:56:29","modified_gmt":"2023-07-12T09:56:29","slug":"shopcore-sells-140-ksf-retail-center-in-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/shopcore-sells-140-ksf-retail-center-in-dallas\/","title":{"rendered":"ShopCore Sells 140 KSF Property in Dallas"},"content":{"rendered":"
\"Independence<\/a>

Independence Square. Image courtesy of JLL<\/em><\/p><\/div>\n

Head Capital Partners<\/strong> has purchased Independence Square, a 140,218-square-foot grocery-anchored retail center<\/a> in Plano, Texas, in the Dallas area. ShopCore Properties<\/strong> was the seller, according to CommercialEdge data. The property was 94 percent leased at the time of the sale.<\/p>\n

A JLL<\/strong> Retail Capital Markets team led by Senior Managing Director Barry Brown and Chris Gerard, Director Erin Lazarus and Associate Ben Esterer represented the seller.<\/p>\n

Built in 1977 and renovated in 2005, the retail center encompasses three buildings on a 13.3-acre site. Tom Thumb has been anchoring the property for 45 years, comprising 31 percent of the total rentable area. The tenant roster at Independence Square includes a mix of local and national businesses such as Oscar Nail Lounge, Top Foot Spa, Kids B Kids, Cookies by Design, Great Clips, School of Music, Little Greek Restaurant, Frost Bank, Genesis Theater, Jersey Mike\u2019s, Peak Physical Therapy and Workout Anytime.<\/p>\n

Independence Square is located at 3100 Independence Parkway. The property is near a high traffic intersection with dense population, with a daily traffic count reaching 34,000 vehicles, according to JLL. The retail center serves some 127,000 people within a 3-mile radius, with an average income above $130,000, according to the same source.<\/p>\n

Elsewhere, ShopCore also recently sold First Colony Center, a 98,179-square-foot grocery-anchored<\/a> retail asset in California, Md., in the Washington, D.C. area.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tom Thumb has anchored the center for 45 years.<\/p>\n","protected":false},"author":3014,"featured_media":1004667546,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21783,21742,21749,51973],"tags":[38736,38975,32796,51753],"class_list":["post-1004667544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-investment","category-latest","category-retail","category-southwest","tag-barry-brown","tag-chris-gerard","tag-jll","tag-shopcore-properties"],"acf":[],"yoast_head":"\nShopCore Sells 140 KSF Property in Dallas - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Head Capital Partners aquired a 140,218-square-foot grocery-anchored retail center in Plano, Texas. 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