Fort Worth's premier retail center changes hands

DALLAS, Jun. 21, 2025 – JLL Capital Markets announced today that it has arranged the successful sale of 5000 S Hulen, an 86,907-square-foot specialty shopping center located in Fort Worth, Texas.

JLL represented the seller, Trademark Property Company and Alto Real Estate Funds. The buyer was Whitestone REIT.

5000 South Hulen is strategically located in one of Fort Worth's highest trafficked retail nodes, with exceptional visibility along South Hulen St., which sees over 39,000 vehicles-per-day and proximity to major thoroughfares with over 182,000 vehicles daily. The center serves an affluent trade area with an average household income of $111,974 within a three-mile radius.

Built in 2005 and currently 96% leased, 5000 South Hulen features a strong tenant lineup including Barnes & Noble, Old Navy, Sephora and Jos. A. Bank. The property benefits from stable cash flows.

"5000 South Hulen represented an exceptional retail investment opportunity in one of DFW's fastest-growing submarkets," said Gerard. "The center’s high-performing national tenancy, below-market rents and strategic location in affluent Southwest Fort Worth made it an extremely attractive acquisition target."

The property is surrounded by affluent neighborhoods such as Tanglewood, Overton Woods and Colonial Hills, with average home values exceeding $1.3 million. Major developments in the area include Edwards Ranch Riverhills, a luxury residential community and a planned 101-acre mixed-use development by Cassco Development.

JLL Capital Markets' Investment Sales team representing the seller was led by Senior Managing Directors Chris Gerard and Adam Howells and Director Erin Lazarus.

"5000 South Hulen offers significant upside potential in a market experiencing robust population and economic growth," added Howells. "Fort Worth continues to be one of the nation's fastest-growing cities, making this asset particularly attractive to investors seeking both stable income and future appreciation."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Trademark Property Company is a full-service real estate firm focused on investments, development, and institutional services of retail, multifamily, office, and mixed-use properties. Fort Worth, Texas-based Trademark has invested in, developed, or redeveloped 21 million square feet of mixed-use, multifamily, and retail assets worth $4.6 billion. Trademark’s experienced team of more than 139 employees is currently responsible for a 17-property portfolio of over 9 million square feet of mixed-use and retail projects across the country. A three-decade leader in navigating the changing mixed-use real estate landscape, Trademark’s purpose is to be extraordinary stewards, enhance communities, and enrich lives. For more information, visit www.trademarkproperty.com.

ALTO Real Estate Funds focuses on investing in and developing logistics centers and open-air shopping centers in high-growth U.S. markets. Over the past 15 years, ALTO has raised approximately $560 million across four funds. To date, the Fund has acquired 79 properties totaling 15 million square feet and valued at $1.8 billion, with 51 successful exits. For more information, visit www.alto-investments.com.

Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust that acquires, owns, operates and develops open-air, retail centers in the fastest growing markets including Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Their convenience-focused centers feature a mix of service-oriented tenants providing food, self-care, services, education and entertainment, with their success built upon strong community connections and deep tenant relationships. For additional information, please visit the Company's investor relations website.