{"id":1004753484,"date":"2025-04-07T09:09:30","date_gmt":"2025-04-07T17:09:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004753484"},"modified":"2025-04-07T09:09:32","modified_gmt":"2025-04-07T17:09:32","slug":"head-capital-sells-suburban-dallas-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/head-capital-sells-suburban-dallas-retail-center\/","title":{"rendered":"Head Capital Sells Suburban Dallas Retail Center"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Independence-Square-Photo.png\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"618\" data-attachment-id=\"1004753485\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/head-capital-sells-suburban-dallas-retail-center\/independence-square-photo\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Independence-Square-Photo.png\" data-orig-size=\"800,618\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Independence Square Photo\" data-image-description=\"&lt;p&gt;Exterior shot of Independence Square retail center. Photo sent by Grace Lewis from JLL &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Photo of Independence Square in Dallas. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Independence-Square-Photo.png?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Independence-Square-Photo.png?w=800\" alt=\"Photo of the Independence Square retail center in Dallas\" class=\"wp-image-1004753485\" style=\"width:382px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Independence-Square-Photo.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Independence-Square-Photo.png?resize=300,232 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Independence-Square-Photo.png?resize=768,593 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">Independence Square in Dallas. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Head Capital Partners has sold Independence Square, a 140,218-square-foot shopping center in Plano, Texas, to Fidelity Investments. JLL Capital Markets arranged the transaction.<\/p>\n\n\n\n<p>Built back in 1977, the property at 3100 Independence Parkway sits on 13.3 acres and features multiple retail and dining options. The longest-reigning storefront is supermarket Tom Thumb, which has operated at Independence Square for 46 years.<\/p>\n\n\n\n<p>Other stores at the location include Lily\u2019s Cafe, Starbucks and Mudleaf Coffee, among others. In December, global retail chain Daiso opened a new store at the property. The shop occupies 8,400 square feet, selling a vast selection of Japanese merchandise including decor, food and stationery.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/discount-retailers-drive-tenant-expansion\/\">Discount Retailers Drive Tenant Expansion<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Head Capital Partners previously bought the retail center in 2023 for approximately $18.9 million, with a $13.2 million loan from Dallas Capital Bank, CommercialEdge data shows. The property currently has an occupancy of 93 percent rate, with a weighted average lease term of 4.6 years.<\/p>\n\n\n\n<p>JLL Capital Markets\u2019 Investment Sales and Advisory team led by Senior Managing Director Chris Gerard, Director Erin Lazarus and Senior Managing Directors Barry Brown and Adam Howells represented Head Capital Partners in the transaction.<\/p>\n\n\n\n<p>Strategically positioned in a high-density suburban area, Independence Square experiences high levels of traffic. The population within a 15-minute radius is expected to surpass 430,000 by 2029, with 2024 averages showing household incomes exceeding $146,000 and home values rising above $550,000.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JLL\u202fCapital Markets arranged the transaction. <\/p>\n","protected":false},"author":3749,"featured_media":1004753485,"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":[37989,32796],"class_list":["post-1004753484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-investment","category-latest","category-retail","category-southwest","tag-fidelity-investments","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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