Preston Stonebrook retail center in Frisco, Texas sells

DALLAS, Jun. 6, 2025 –  JLL Capital Markets announced today that it has arranged the sale of Preston Stonebrook, a 53,553-square-foot retail center located in Frisco, Texas.

JLL worked on behalf of the seller, Venture Investment Partners. Their team of seasoned real estate experts, led by Bo Brownlee and Easley Waggoner, Jr., creates significant value through strategic improvements and enhancements, leveraging extensive industry knowledge to maximize investment returns.

Built in 1997, the 93%-leased Preston Stonebrook features a strong tenant mix with key retailers including Plato's Closet, Emler Swim School, Dogtopia and Horizon Hot Yoga. The property has demonstrated impressive leasing momentum with over 24,000 square feet of recent leasing activity and tenants averaging 10.6 years of tenure.

Situated at 7151-7227 Preston Rd., the property serves an affluent customer base with average household incomes of $158,247 within a three-mile radius and a population of over 98,800 residents. The center benefits from its strategic location along Preston Road, the spine of Dallas's northern growth corridor, and draws from a daytime population of 120,000 within three miles.

JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Managing Director Adam Howells and Director Erin Lazarus.

"Preston Stonebrook represents an exceptional opportunity in one of Dallas-Fort Worth's most dynamic submarkets," said Howells. "With rents currently below market and strong demographics in the trade area, this asset offers significant upside potential for the new ownership."

"Frisco continues to attract major corporate users and residents alike, making it one of the most vibrant growth corridors in the nation," added Lazarus. "Well-positioned retail centers like Preston Stonebrook benefit from the area's exceptional population and income growth trends."

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.

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Venture Investment Partners LLC acquires a diverse portfolio of commercial, industrial, residential and mixed-use properties with a strategic focus on identifying undervalued or overlooked real estate assets. Their team of seasoned real estate experts creates significant value through strategic improvements and enhancements, leveraging extensive industry knowledge to maximize investment returns.