Premier North Texas retail destination, The Village at Allen, changes hands

DALLAS, April 9, 2026 –  JLL Capital Markets announced today that it has arranged the sale of The Village at Allen, a dominant retail center located in Allen, Texas, one of the Dallas-Fort Worth area's fastest-growing suburbs. The landmark transaction marks the largest sale of a power center in Texas in over twenty years.

JLL worked on behalf of the seller, an affiliate of DLC Management Corp and American Realty Advisors (ARA). The buyer was Sterling Organization.

The Village at Allen enjoys a prime location at 190 E Stacy Rd., with ample visibility and access along Highway 75 which carries 176,209 vehicles per day. This location in the heart of affluent Allen, and Colin County more broadly, draws 11.5 million annual visits from throughout north Texas. The center is the number one shopping center within a 30-mile radius and ranks as the seventh most trafficked shopping center in all of Texas.

Since 2000, Allen has experienced 151% population growth, is home to $6.2 billion in consumer spending within a three-mile radius and is at the epicenter of DFW’s surging economic and residential expansion. The DFW metroplex has now grown to 8.3 million residents, making it America’s fourth largest metro and the nation’s top market for projected population growth.

The Village at Allen spans an impressive 109.53 acres and comprises 851,457 square feet of gross leasable area. The property is 89% leased and features an exceptional tenant roster including Super Target (shadow anchored), multiple TJX Companies banners (T.J. Maxx, HomeGoods, HomeSense and Sierra), Dick's Sporting Goods, Ross Dress For Less, Best Buy, Nordstrom Rack, Ulta, Total Wine & More and Michaels. The center maintains 99% national big-box tenancy with a 4.6-year weighted average lease term.

The Village at Allen presented significant value-add opportunities for the new owner despite its current 89% occupancy. It offers immediate lease-up potential of over 84,000 square feet of in-line space and includes an additional eight acres of land for future development.

JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Chris Gerard and Barry Brown and Director Erin Lazarus.

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.

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

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 113,000 as of December 31, 2025. 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.

Sterling Organization is a vertically integrated private equity real estate investment firm headquartered in West Palm Beach, Florida. Sterling Organization and its affiliates own over 80 properties throughout the United States, across various funds and other investment vehicles, encompassing over 13 million square feet and exceeding $3 billion in value. Sterling Organization is actively seeking investment opportunities and has over $1 billion of buying power in the aggregate across various investment strategies. For acquisition or disposition inquiries, please contact investments@sterlingorganization.com.

DLC is one of the country’s leading owners and operators of open-air shopping centers, with more than $4 billion and 22.7 million square feet in assets under management across 95+ properties. Headquartered in Elmsford, NY, DLC leverages an owner-operator model and a fully integrated platform, including construction and design through Renovo Construction and NWS Architects, to deliver superior performance and value. Guided by a people-first culture and a focus on speed, precision and partnership, DLC continues to redefine what’s possible in open-air retail. For more information about DLC, visit dlcmgmt.com.

American Realty Advisors (ARA) is a private equity real estate investment manager of institutional quality commercial real estate portfolios with more than 600 investors and over $11.1 billion in assets under management as of December 31, 2025. ARA is 100% employee owned and client focused. For more information, visit www.aracapital.com.