JLL Capital Markets secured the sale of Independence Square, a 140,218-square-foot retail center in Plano, Texas.
News release
03 April 2025
Independence Square in Dallas trades hands
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DALLAS, Apr. 3, 2025 – JLL Capital Markets announced today that it has arranged the sale of Independence Square, a 140,218-square-foot retail property in Plano, Texas.
JLL worked on behalf of the seller, Head Capital Partners, in the transaction.
Independence Square, located at 3100 Independence Pkwy., sits on a 13.37-acre site in the thriving Dallas-Plano area. The center, built in 1977 and renovated in 2005, features a diverse mix of tenants anchored by Tom Thumb, which has maintained a 46-year tenure at the location. The property boasts a strong 93% occupancy rate with a weighted average lease term of 4.6 years. Independence Square has also demonstrated strong leasing momentum with notable tenant upgrades since 2023.
The retail center benefits from its strategic location in a densely populated area with strong demographics. Within a 15-minute radius, the population is projected to reach 437,472 by 2029, with an average household income of $146,567 and an average home value of $553,764 in 2024.
JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Managing Director Chris Gerard, Director Erin Lazarus and Senior Managing Directors Barry Brown and Adam Howells.
"Independence Square has been a cornerstone of the Plano community for over four decades, anchored by Tom Thumb's impressive 46-year tenure. This transaction underscores the enduring appeal of well-positioned, grocery-anchored retail centers in thriving suburban markets," said Gerard.
“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," added Lazarus.
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.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Head Capital Partners
Head Capital Partners, founded by Scott Head, leverages over 20 years of commercial real estate experience to strategically pursue retail investment opportunities. The firm's disciplined approach, streamlined processes and strong relationships provide certainty and confidence in each investment while maximizing value for assets through thorough market evaluation, deal pursuit and asset management.