**Venture Investment Partners Sells 53,553-SF Preston Stonebrook Retail Center in Frisco**
Preston Stonebrook, a 53,553-square-foot retail center located in Frisco, Texas, has been sold.
The transaction was brokered by JLL Capital Markets, with Adam Howells and Erin Lazarus leading the Investment Sales and Advisory team in representing the seller, Venture Investment Partners. Commenting on the deal, Howells noted, “With rents currently below market and strong demographics in the trade area, this asset offers significant upside potential for the new ownership.”
Positioned at 7151-7227 Preston Road, the center caters to a highly affluent customer base. The surrounding area within a three-mile radius boasts an average household income of $158,247 and a residential population exceeding 98,800. Additionally, the location benefits from a robust daytime population of approximately 120,000 people. Its location along Preston Road, a major artery in Dallas’s northern growth corridor, further enhances its visibility and accessibility.
Originally built in 1997, Preston Stonebrook is 93% leased and features a diverse tenant mix, including Hallmark, Plato’s Closet, Emler Swim School, Dogtopia, and Horizon Hot Yoga. Venture Investment Partners has owned the property since 2015.
The sale marks a notable transaction in the thriving North Texas retail market, highlighting both investor confidence and the continued demand for well-located, income-producing retail assets.
