JLL arranges a joint venture on a Kroger-anchored retail center in Plano, TX

DALLAS, Aug 11, 2026 –  JLL Capital Markets announced today that it has arranged the sale of Legacy Drive Village, a 138,266-square-foot grocery-anchored retail center located in Plano, Texas.

JLL represented the owner, a joint venture managed by Weitzman, in bringing in an institutional investor as an equity partner in the property.

Built in 1994, Legacy Drive Village is 100% occupied and anchored by investment-grade credit grocer Kroger. The center features a diverse mix of national and regional tenants including Dunkin Donuts, Einstein Bros. Bagels, Palm Beach Tan, Subway and Wingstop. The Kroger location ranks in the top 14% of most-visited grocery stores in Texas, attracting 848,000 visits annually. The property stands out for its exceptional tenant stability, with an average occupancy of 15 years across the center.

Located in the heart of Plano at 7000 Independence Pkwy., the center benefits from exceptional visibility with traffic counts of 30,000 vehicles per day on Legacy Drive and proximity to major thoroughfares including the Sam Rayburn Tollway and Dallas North Tollway. The surrounding trade area boasts an average household income of $171,251 within three miles and has experienced 21.5% population growth within five miles since 2010.

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Director Chris Gerard, Director Kristi Leonard, Associate Ben Pollack and Analyst Alex Fronterhouse.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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 WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

The Weitzman Group is the dominant retail-focused commercial real estate firm based in Texas, offering brokerage services, property management, asset management and development services across full-service offices in Dallas-Fort Worth, Austin, Houston and San Antonio. Founded more than 35 years ago, Weitzman manages 20.6 million square feet across 200 properties and leases 43.5 million square feet across 435 properties statewide.