**JLL Capital Markets Facilitates Sale of Southwest Retail Portfolio**
JLL Capital Markets has announced the successful sale of the Southwest Retail Portfolio, a 514,983-square-foot retail portfolio located across Texas and Arkansas.
The portfolio was sold on behalf of the seller, Ball Ventures, with Chase Properties acquiring the assets.
The Southwest Retail Portfolio includes four retail properties: 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 maintains a robust 97% occupancy rate, with average tenant tenure exceeding 17.9 years.
Major national tenants across the properties include Kroger, Ross Dress For Less, Best Buy, Hobby Lobby, Michaels, and Old Navy. Approximately 91% of the income generated by the portfolio comes from national and credit tenants, providing a reliable and consistent cash flow.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Adam Howells, Barry Brown, and Erin Lazarus, with assistance from Deborah Johnson, the broker of record.
