**Fidelity, Lincoln Acquire Independence Square Retail Center in Plano**
Head Capital Partners has completed the sale of Independence Square, a 140,218-square-foot retail center located in Plano, Texas. The property was acquired through a joint partnership between Fidelity and Lincoln.
Situated at 3100 Independence Parkway, the 13.37-acre shopping center was originally built in 1977 and underwent comprehensive renovations in 2005. Anchored by grocery tenant Tom Thumb—which has operated at the site for 46 years—Independence Square maintains a strong tenancy, reporting 93% occupancy. The property also carries a weighted average lease term (WALT) of 4.6 years.
Since 2023, the center has experienced notable leasing traction and tenant upgrades, serving as a testament to its resilience and appeal in the market.
The sales transaction was brokered by JLL Capital Markets’ Investment Sales and Advisory team, led by Chris Gerard, Erin Lazarus, Barry Brown, and Adam Howells.
“We’re seeing renewed interest from investors in high-quality retail assets that serve as community hubs and offer stable cash flows with growth potential,” said Erin Lazarus of JLL.
The transaction highlights the continuing investor appetite for well-established retail centers with strong anchor tenants and long-term upside.
