JLL Capital Markets announced today that it has closed the sale of Glade Parks Town Center, a 559,457-square-foot destination retail energy center with a lifestyle component in the Dallas-area community of Euless.
JLL marketed the property on behalf of the seller, a joint venture between Iron Point and North Rock. Big V Property Group acquired the asset, making it its fourth retail center in Texas and first in Dallas.
Glade Parks Town Center is home to a diverse list of nationally recognized retail and restaurant tenants, including Dick’s Sporting Goods, Total Wine & More, Cinépolis, Ulta Beauty, Belk, Michael’s, HomeGoods, EOS Fitness, First Watch, Hopdoddy, Daiso, Old Navy, Burlington, DSW, Massage Envy and more. Completed between 2014 and 2018, the center features a three-story parking lot and is anchored in the shade by Target and an Aloft Hotel.
Spanning 53.52 acres, Glade Parks Town Center is at 2701 Rio Grande Boulevard along Highway 121, one of the largest east-west thoroughfares in the Dallas-Fort Worth area. This location exposes the property to over 120,000 vehicles per day, and this location provides accessibility to a daytime population of nearly one million people. Downtown is adjacent to Colleyville, Grapevine and Southlake, some of DFW’s “super zips,” which are neighborhoods that have exceptionally high family incomes and educated residents. Nearly 312,700 residents earning a median annual household income of $105,344 live within a 15-minute drive.
The JLL Retail Capital Markets team representing the seller was led by JLL Retail Capital Markets Senior Managing Director and Co-Head Barry Brown, Senior Managing Directors Chris Gerard and Ryan Shore, and analysts Greyson Fewin and Matthew Barge.
